North American Summary and Highlights 13 Jan
Overview - The USD slipped on a softer than expected US core CPI but ended slightly firmer.
North American session
US December CPI rose by 0.3% as expected overall but the core rate ex food and energy was softer than expected at 0.2%. The USD saw a brief dip on the data but ended slightly stronger. USD/JPY rose to 159.10 from 158.90. EUR/USD was little changed near 1.1650 but EUR/GBP and EUR/CHF both advanced by 10 pips. With equities weaker AUD/USD slipped to .6680 from .67 but USD/CAD gains were marginal, as 1.39 capped the upside.
European morning session
The USD lost around 0.1% against the EUR and a tad less against GBP but was otherwise little changed in a quiet European morning. There was little news of any note, with the market awaiting the US CPI data later.
European bond yields moved marginally higher, but there was otherwise very little market movement.