At the auctions in Europe, the main currencies remain trading in the red. The largest losses are incurred by the Australian and New Zealand dollars. The euro exchange rate has stabilized at 1.2122, the British pound rate - at 1.4125.
The pound held above $ 1.41 after UK March GDP data exceeded market expectations, supporting investor optimism about the country's economic recovery after the pandemic. On May 17, some restrictions on isolation will be eased in England.
The US Bureau of Labor Statistics released data on the consumer price index (CPI) for April. Market participants expected the core CPI to rise to 2.3% from 1.6%. In fact, the base CPI rose by 0.9% m / m and 3.9% y / y (the forecast was 0.3% m / m and 2.3% y / y, the previous values were 0.3% m / m and 1.6% y / y). The general CPI rose by 0.8% m / m and 4.2% y / y (the forecast was 0.2% m / m and 3.6% y / y, the previous values were 0.6% m / m and 2 , 6% y / y).
The inflation data gave a boost to the dollar and US bond yields. Let's see how FOMC members Clarida, Bostic and Harker evaluate inflation data
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