EUR/USD Demonstrates Volatile Reaction to US CPI

EUR/USD reacted with volatility to the US Consumer Price Index, which came out within expectations. Initially, the currency pair spiked but retreated very quickly, demonstrating a sharp pullback.
CPI rose 0.3% in October, matching analysts’ forecasts exactly. The index increased 0.1% in September. (Event A on the chart.)
Yesterday, a report on treasury budget was released, showing a deficit of $100.5 billion in October, which was smaller than the shortage of $116.6 billion predicted by experts. The budget had a surplus of $119.1 in September. (Not shown on the chart.)

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