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EUR/USD slumps below 1.0800 after US CPI rises above forecasts

There have been so many reactions across the markets to the hotter than forecast US CPI report. The dollar has been front and centre amongst those and as reported the USD/JPY has now taken out that important 152 level. At the same time the EUR/USD has slumped back below the 1.08 handle. The EUR/USD has just now hit a session low at 1.0779 and the fall below the noted 200 day moving average, at 1.0833 seems to have triggered another fresh raft of Euro selling. The EUR/USD could remain a sell on any rally, if seen this afternoon, following that CPI report. It is currently trading at 1.0783
 

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