Dollar rose today against the euro but EUR/USD pair still remained in a mainly sideways trend. A good report on CPI and a rather low decline in the initial jobless claims were mostly ignored during todays trading session. EUR/USD is currently trading near 1.4901.
Seasonally adjusted CPI rate was at 0.8% in July — thats below Junes 1.1%, but above the average forecast of 0.4%.
Initial jobless claims declined to 450,000 last week down from 460,000 a week before. Average estimate for this indicator was at 436,000.
