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10 May

By Ahmed Mamdouh

Category: Forex News

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US consumer prices rise 0.1% in April

U.S. consumer prices showed lower than expected rise in April, while the unemployment claims came lower than projections.

The consumer price index for soared 0.2 percent from a previous of minus 0.1 percent, compared to projections of 0.3 percent increase.

The annual CPI reading accelerated to 2.5 percent from 2.4 percent.

The core reading came below projections of 0.2 percent at 0.1 percent, following a 0.2 percent increase in March.

Initial jobless claims came in at 211,000 last week, similar to the prior reading, compared to estimates of 219,000.

The dollar index traded lower at 92.52, set for its first daily decline in five sessions, as of 12:46 GMT.

Ahmed Mamdouh

Ahmed Mamdouh is the head of the English Fundamental Analysis at D1stp.com, with 9 years of experience in the financial markets. Mamdouh holds a Master’s Degree in Economics from The American University in Cairo and a Bachelor Degree in Economics from The Faculty of Economics and Political Science, Cairo University.