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US DEFLATED in March

EURUSD News by Newsroom on 09:11 April 11, 2018 EST

The Consumer Price Index slide 0.1 percent last month, the first and largest drop since May 2017, after a 0.2 percent hike in February, the Labor Department said on Wednesday.

However, excluding the food and energy components, the CPI climbed 0.2 percent, matching February’s increase. Core CPI rose 2.1 percent year-on-year in March, the largest advance since February 2017, after increasing 1.8 percent in February.

The dollar loses more ground vs. the main currencies while stocks are idle after the release while the U.S. 10-year yields were down at 2.760 percent, from 2.797 percent late on Tuesday.


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