{"id":20639,"date":"2022-01-12T14:03:00","date_gmt":"2022-01-12T14:03:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=20639"},"modified":"2022-01-12T21:46:25","modified_gmt":"2022-01-12T21:46:25","slug":"us-dollar-falls-after-cpi-release","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/us-dollar-falls-after-cpi-release\/","title":{"rendered":"US dollar falls after CPI release"},"content":{"rendered":"\t\t
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Midday Update<\/strong><\/p>

The market reaction after the US CPI inflation release has been for the US dollar<\/a> to sell-off broadly against its major counterpart currencies, and stock market buying in the United States has also resumed.<\/p>

Today\u2019s CPI number showed that US CPI rose 7 percent, which was broadly in-line with markets expectations of a rise of 7 percent over the same period one-year prior to today\u2019s CPI inflation release.<\/p>

On the monthly, US CPI inflation came in slightly hotter than expected, with a 0.5 percent increase. Potentially, the positive reaction from the market is that the prior monthly reading was actually 0.8 percent.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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US CPI Year-on-year.<\/p>

Source by Bloomberg.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Additionally, the real weekly earnings data inside today\u2019s report showed a 0.1 percent increase, which was better than previous reading of -0.2 percent, which has now been revised to -0.4 percent. So, with rages rising alongside prices, the picture is not as bleak<\/p>

Already, we have seen the EURUSD<\/a> pair surge above the 1.1400 level as stop were triggered around 1.1390 after the release, while the British pound<\/a> has risen above the technically important 1.3660 resistance zone.<\/p>

In terms of the stock market<\/a> reaction, all the major US indices<\/a> are higher, while the FTSE100<\/a> is surging to new weekly, monthly, and yearly highs today. UK miners are also having a good day as the price of gold approaches a multi-month high.<\/p>

We are also seeing WTI<\/a> and Brent oil<\/a> posting strong gains today as commodity prices start to surge. In fact, most commodity prices are feeling the love today. Gold<\/a>, Copper <\/a>and silver<\/a> are once again having stellar days.<\/p>

Cryptos have joined in the bull party, with Bitcoin advancing past the $43,000 barrier after dropping to its lowest trading level since September 2021 at the start of the week. Ethereum is also making waves above $3,300.<\/p>

There isn\u2019t a great deal to get excited about during the US session, until we the 10-year bond<\/a> auction and monthly budget statement during the mid-Wall Street session. The 10-year has been a big mover on the bond market lately, with yields rising, so potentially, the market could come to life after the auction.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Midday Update The market reaction after the US CPI inflation release has been for the US dollar to sell-off broadly against its major counterpart currencies, and stock market buying in the United States has also resumed. Today\u2019s CPI number showed that US CPI rose 7 percent, which was broadly in-line with markets expectations of a […]<\/p>\n","protected":false},"author":4,"featured_media":12622,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[421,154,42,67,279,48],"yoast_head":"\nUS dollar falls after CPI release - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/us-dollar-falls-after-cpi-release\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US dollar falls after CPI release US dollar falls after CPI release\" \/>\n<meta property=\"og:description\" content=\"The market reaction after the US CPI inflation release has been for the US dollar to sell-off broadly against its major counterpart currencies, and stock market buying in the United States has also resumed.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/us-dollar-falls-after-cpi-release\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-12T14:03:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-12T21:46:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/07\/GettyImages-1169868458.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"533\" \/>\n\t<meta property=\"og:image:height\" content=\"324\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"US dollar falls after CPI release US dollar falls after CPI release\" \/>\n<meta name=\"twitter:description\" content=\"The market reaction after the US CPI inflation release has been for the US dollar to sell-off broadly against its major counterpart currencies, and stock market buying in the United States has also resumed.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Batchelor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/us-dollar-falls-after-cpi-release\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/us-dollar-falls-after-cpi-release\/\"},\"author\":{\"name\":\"Nathan Batchelor\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\"},\"headline\":\"US dollar falls after CPI release\",\"datePublished\":\"2022-01-12T14:03:00+00:00\",\"dateModified\":\"2022-01-12T21:46:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/youtrading.com\/en\/us-dollar-falls-after-cpi-release\/\"},\"wordCount\":359,\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"keywords\":[\"CPI\",\"DXY\",\"Fed\",\"US Dollar\",\"USA500\",\"WTI\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/youtrading.com\/en\/us-dollar-falls-after-cpi-release\/\",\"url\":\"https:\/\/youtrading.com\/en\/us-dollar-falls-after-cpi-release\/\",\"name\":\"US dollar falls after CPI release - 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