US CPI rose less than expected
The Consumer Price Index increased 0.1% in March on a seasonally adjusted basis, missing forecasts on increase by 0.2%. Over the last 12 months, the all items index rose 0.9% before seasonal adjustment. The food index declined in March, while the indexes for energy and for all items less food and energy rose, leading to the slight seasonally adjusted increase in the all items index. The food index fell 0.2% after rising in February, as five of the six major grocery store food groups declined.
Separate report showed that in the week ending April 9, the advance figure for seasonally adjusted initial claims was 253,000, a decrease of 13,000 from the previous week's revised level. Analysts were expecting increase to 270,000.The 4-week moving average was 265,000, a decrease of 1,500 from the previous week's revised average.
Euro is currently being traded few points above 1.1270 level, Sterling is around 1.4150 handle, while Aussie is at 0.77 area.
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