At 12:30 GMT, the US economy released its reading of the consumer price index for April at 0.8%, the best pace since 2009, higher than forecasts of 0.2%, and higher than the previous reading of 0.6%.
The consumer price index core reading (excluding food and fuel prices) was at 0.9%, higher than forecasts and the previous reading of 0.3%. This data is positive for the US dollar.