EUR/USD, Bitcoin and Stocks Crash on US CPI Above Expectations By Investing.com



Investing.com – While the market was anticipating a slowdown in US inflation, data released on Tuesday showed a slowdown in the US, with annual CPI at 8.3% against 8.1% expected, and annual core CPI at 6.3% against 5.8% expected.

And the consequences of this unpleasant surprise on the financial markets were not long in coming, with this publication greatly increasing the chances of seeing the Fed maintain a very aggressive monetary policy for longer than expected.

While it was up before the publication, the is now down 0.88% to 6277 points.

But it is undoubtedly the one that received the most severe sanction. While the pair was moving towards 1.0170 just before the release, it is now close to parity again, at 1.0010 at the time of writing.

The is no slouch, with the cryptocurrency having risen from around $22,750 to $21,400 at the time of writing.

The US indices are also down sharply, falling 1.87% while the drop 2.4%.

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