Sunset Market Commentary - Action Forex
It all boiled down to October US inflation figures today. Headline inflation was flat compared to September (vs +0.1% M/M forecast) resulting in a slightly bigger than anticipated drop from 3.7% Y/Y to 3.2% Y/Y. Energy prices were down 2.5% M/M with gasoline dropping 5% compared with September.
Source: actionforex.com