US Dollar Keeps Strength After Mixed Data

The US dollar continued to rise against most of its rivals, though it slowed the advance and even halted it against some currencies as US inflation data was disappointing.
The dollar remained strong even though US data released over Thursday was mixed. The Consumer Price Index rose less than market participants had counted on. It proved that the Federal Reserve was right in cautious approach to its monetary policy decision. Furthermore, this may result in even more caution from the Fed.
Yet not everything was doom and gloom as unemployment claims fell unexpectedly last week. With conflicting fundamentals, the dollar preferred to move in the previous direction (to the upside), though a bit slower.
EUR/USD traded at 1.1262 as of 22:27 GMT today, not far from the opening of 1.1273. GBP/USD dropped from 1.4203 to 1.4145. USD/JPY was down from 109.33 intraday but bounced to trade at about 109.42 later.

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