Shortly after the publication of euro zone CPI data, the US published its core and nominal readings of the same reports. The core data came in as forecast, with 0.2% growth, while the nominal reading outpaced forecasts for a 0.2% expansion and came in at 0.4% instead.
The safe-haven US dollar ( USD ) was seen trading moderately lower Thursday following these data releases since most of today's numbers supported higher risk taking. Consumer inflation is a key level behind the engine of growth making today's CPI numbers a positive step for both Europe and the United States at a time when many economists are discussing the possibility of a double-dip recession.
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