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US Inflation and Manufacturing Data

The main scheduled releases for the US today were inflation and manufacturing data.

Inflation
In March, US CPI was 0.2% month-over-month, which beat the forecast and previous month's reading of 0.1%. The core reading was the same.

(US CPI m/m. Source: forexfactory.com)

The uptick in inflation is good news for the Fed policy makers who were starting to be concerned about low inflation. 

Manufacturing
Empire State Manufacturing Index for April came in at 1.3, way down from the 5.6 reading in March, and completely missing forecast of an improvement to 8.3. This reading has been volatile, but has remained above the 0 market so far in 2014. 

(Empire manufacturing. Source: forexfactory.com)

Traders are not excited about either data as USD is in mixed trading during the 4/15 US session.