June 17: American session
Tatiana Norkina, FBS analyst
The U.S. dollar strengthened sharply today, after the publication of statistics on inflation. Consumer prices in the past month rose by 0.4%, against expectations of 0.2%. As a result, the U.S. dollar index jumped to around 80.75 mark and currently adds about 0.25% to yesterday's values. At the same time, not so strongly encouraging data on the housing market were published.
Under the conditions of stated mixed data EUR/USD pair stopped falling in 1.3540 area. GBP/USD pair is corrected in 1.6950 area, after a morning testing of 1.6980 resistance. Currency pair USD/CHF broke the powerful level of 0.8990, recovering slightly above the figure of 0.9000. The yen weakened against the dollar: USD/JPY soared to 102.20, bulls show their confidence.