US Core CPI m/m comes in at -0.0%
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| USDJPY | — | — |
The US Core CPI month-over-month figure for July 2026 was released at -0.0%. No consensus forecast was available for this particular release.
Following the release, the US Dollar generally weakened against major currencies. AUDUSD rose +30 pips one hour after the print, while EURUSD gained +37 pips. GBPUSD saw a more modest increase of +14 pips, a move small relative to its typical behavior for such releases. NZDUSD was up +20 pips. Conversely, USDCAD fell -41 pips, USDCHF dropped -39 pips, and USDJPY declined -30 pips. Gold, XAUUSD, saw a substantial rise of +548 pips in the hour following the data. The moves in USDCAD, USDCHF, and XAUUSD were notably larger than their respective top-quarter historical moves, indicating a significant market reaction. EURUSD’s +37 pip gain was close to its top-quarter historical move of 38+ pips, with historical direction reliability on EURUSD standing at 61%.