Released in US session, US CPI rose 0.1% mom, 2.9% yoy in June versus expectation of 0.2% mom, 2.9% yoy. Core CPI rose 0.2% mom, 2.3% yoy, matched expectations. Data showed inflation continued to accelerate with headline CPI accelerated from 2.8% yoy in May, core CPI accelerated from 2.2% yoy.
Initial jobless claims dropped -18k to 214k in the week ended July 7. Four week moving average of initial claims dropped 1.75k to 223k. That’s notably low than expectation of 230k. Continuing claims dropped -3k to 1.739m in the week ended June 30. Four-week moving average of continuing claims rose 9.5k to 1.7285m.
From Canada, new housing price index rose 0.0% mom in May versus expectation of -0.1% mom.
Dollar is trading mixed for today after the release, up against Euro, Yen and Swiss, but down against others.
