Markets waited last week for the publication of US inflation statistics as EUR/USD fluctuated sideways towards the 0.9700 level. The country's Department of Labor Statistics released new Consumer Price Index figures on October 14 that were higher than expected. The September CPI came in at 0.6% monthly, above the prediction of 0.5%, and at 6.6% annually, beating both the previous value of 6.3% and the forecast of 6.5%.
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EUR/USD displays a rangebound structure around 0.9700 ahead of US Inflation

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Markets waited last week for the publication of US inflation statistics as EUR/USD fluctuated sideways towards the 0.9700 level. The country's Department of Labor Statistics released new Consumer Price Index figures on October 14 that were higher than expected. The September CPI came in at 0.6% monthly, above the prediction of 0.5%, and at 6.6% annually, beating both the previous value of 6.3% and the forecast of 6.5%.

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