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Dollar up after CPI data

Friday, May 22 2015
US CPI increased 0.1% in April on a seasonally adjusted basis, in line with market forecasts. The all items index declined 0.2% for the 12 months ending April. This represented a slightly larger decrease than the 0.1% decline for the 12 months ending March. The decline was driven by the energy index, which fell 19.4% over the last 12 months, with all the major components declining except electricity. The food index rose 2% over the last year, and the index for all items less food and energy rose 1.8%. 
 
The index for all items less food and energy rose 0.3% in April and led to the slight increase in the seasonally adjusted all items index. Analysts were predicting incline by 0.2%. The index for shelter rose, as did the indexes for medical care, household furnishings and operations, used cars and trucks, and new vehicles. In contrast, the indexes for apparel and airline fares declined in April.
 
After the data USD was pushed sharply up against its major rivals. Euro is currently being traded slightly below 1.11 handle, Sterling is around 1.5550 area, while Aussie is few points above 0.7830 level.
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