Although the U.S. Department of Labor showed that the number of initial jobless claims in the week ending April 9 decreased by 13,000 (beating expectations for a rise), the U.S. consumer price index and core CPI (without food and energy) disappointed market participants, missing analysts’ forecasts. Thanks to these mixed numbers, the USD Index gave up some gains and slipped under the level of 95. What impact did this move have on the euro, pound and Australian dollar?

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Earlier today, official data showed that euro zone industrial production declined by 0.8% in Feb (month-on-month), missing analysts’ forecasts. Additionally, industrial production (year to year) rose less-than-expected in Feb, which pushed the euro lower against the greenback. As a result, EUR/USD declined under the Feb high, invalidating earlier breakout. How low could the exchange go in the coming days?

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Earlier today, the U.K. Office for National Statistics showed that the rate of consumer price inflation increased by 0.5% in March, beating analysts’ predictions. Additionally, month-over-month, consumer prices increases by 0.4% in the previous month also beating forecasts. Thanks to these numbers, GBP/USD extended gains, invalidating earlier breakdown under the support line. What does it mean for the exchange rate?

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Earlier today, the yen moved higher against the greenback once again, which pushed USD/JPY to the lowest level since late-Oct 2014. What happened at the same time with other currency pairs? Let’s check the charts and find out.

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Earlier today, the USD Index moved little higher after yesterday’s comments from Federal Reserve Board Chair Janet Yellen supported the greenback (Yellen said that the central bank is on track to gradually raise interest rates if the economy continued to evolve as expected). As a result, EUR/USD slipped under support line, but what happened at the same time with USD/CHF and AUD/USD?

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