Dollar rises on inflation data, Fed closer to raising interest rates

The dollar rose after the publication of positive data on US inflation. Expectations that the Federal Reserve will raise interest rates next month intensified.

Following the publication of inflation data it became clear, that consumer price index reached 0.2%. In the previous period the value was 0%. Economists had expected a rise of 0.1%. The main index of consumer prices remain unchanged at 1.9%. As a result, the dollar reached a 10-month high against the Swiss franc. It also managed to rise against the euro and the yen.

EUR/USD

Support 1.0676;

Resistance: 1.0854; 1.0975; 1.1080;

GBP/USD

Support: 1.5125;

Resistance: 1.5345; 1.5446;

USD/JPY

Support: 122.61; 121.50; 120.85;

Resistance: 123.67;