Article Summary:

Daily updated information, tips on forex news, forex quotes, forex broker, forex charts, and various forex resources.The  U. S. dollar fell against the euro today as the consumer price index report showed a positive revision of the April’s value and also a higher than expected value for May. EUR/USD is now trading near 1.3855. CPI rose by 0.1% in May


Article Content:

The  U. S. dollar fell against the euro today as the consumer price index report showed a positive revision of the April’s value and also a higher than expected value for May. EUR/USD is now trading near 1.3855.

CPI rose by 0.1% in May in the United States after remaining unchanged in Aprl (revised from -0.7% reported a month ago). The forecasts for May were averaged near 0.9% decline.

Current account balance deficit decreased to 1.5 billion in the first quarter of 2009 (preliminary value). Q4 2008 deficit was revised from 2.8 billion to 4.9 billion. Latest Q1 deficit is the lowest since the fourth quarter of 2001, but it’s still above the median forecast of  billion.

Crude oil inventories decreased by 3.9 million barrels last week after falling by 4.4 million barrels one week earlier.