EUR/USD: Higher Core CPI Boosting USD

EUR/USD is pulling back after the unexpected rise in core CPI. All the hawkish Fed rhetoric of late is being viewed in a new light as inflation appears to be moderating a bit less rapidly than expected. Buyers remain on dips to the 1.3120s but small stops are building in the 1.31-teens. Offers remain at 1.3150 and 1.3165. EUR/USD trades at 1.3135 after a dip to 1.3120.