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26 Feb 2015
EUR/USD falls below 1.1300 after US data
FXStreet (Córdoba) - EUR/USD extended losses and printed fresh daily lows sub-1.1300 as the dollar strengthened following the latest string of US data.
US CPI fell by 0.7% in January and 0.1% YoY, versus expectations of -0.4% and -0.1% respectively. It was the first year-over-year decrease since October 2009. However, excluding food and energy, prices rose 0.2% MoM and 1.6% YoY.
Meanwhile, separated data showed US durable goods orders rose 2.8% in January after falling 3.2% the previous month and beating expectations of a 1.7% increase.
EUR/USD, which was already under pressure, fell further as the USD was lifted by supportive data and hit a fresh daily low of 1.1289. At time of writing, the pair is trading at 1.1295, recording a 0.57% loss on the day.
US CPI fell by 0.7% in January and 0.1% YoY, versus expectations of -0.4% and -0.1% respectively. It was the first year-over-year decrease since October 2009. However, excluding food and energy, prices rose 0.2% MoM and 1.6% YoY.
Meanwhile, separated data showed US durable goods orders rose 2.8% in January after falling 3.2% the previous month and beating expectations of a 1.7% increase.
EUR/USD, which was already under pressure, fell further as the USD was lifted by supportive data and hit a fresh daily low of 1.1289. At time of writing, the pair is trading at 1.1295, recording a 0.57% loss on the day.