Foreign Exchange Market Update

March 11, 2026

United States Consumer Prices Increase 0.3% in February

A report released by the Labor Department on Wednesday showed consumer prices in the U.S. increased in February. The Labor Department reported that its consumer price index (CPI) increased by 0.3% in February, following a 0.2% rise in January. The report also said the annual rate of growth in consumer prices came in at 2.4% in February, unchanged from January.

The monthly increase in consumer prices partly reflected a rebound by energy prices, which grew by 0.6% in February after tumbling by 1.5% in January. Food prices also climbed by 0.4% in February after rising by 0.2% in January, reflecting higher prices for both food at home and food away from home. Excluding the increases in food and energy prices, core consumer prices rose by 0.2% in February after increasing by 0.3% in January. The annual rate of growth in core consumer prices remained unchanged at 2.5% from the previous month.

The uptick in core prices reflected a 0.2% increase in shelter costs as well as higher prices for medical care, apparel, household furnishings and operations, airline fares, and education. Meanwhile, prices for communication, used cars and trucks, motor vehicle insurance, and personal care were among those that decreased in February, according to the Labor Department. 03/11/2026 - 10:01:00 (RTTNews)

Eurozone

Euro traded at 1.1574 against USD at 9:00 AM PST

Spain's retail sales logged a stronger growth in January. Retail sales increased 4.0% on a yearly basis in January after climbing to 2.8% in December. Retail sales growth slowed to 3.7% from 4.7% the previous month. Month-on-month, retail sales edged up 0.1%, after December's 0.9% decrease. Food sales climbed 0.5%, and non-food product sales moved up 0.3% in January. 03/11/2026 - 04:53:00 (RTTNews)

Germany's inflation eased in February, as the increase in food prices slowed noticeably. The consumer price index (CPI) posted an annual growth of 1.9% in February. The pace of growth weakened from 2.1% seen in January.

E.U. harmonized inflation softened slightly to 2.0% in February from 2.1% in January. Food prices moved up at a slower pace of 1.1% after climbing to 2.1% in January. Meanwhile, energy prices dropped 1.9%, following a 1.7% decrease in January. Service prices were up 3.2% in February.

Excluding food and energy, core inflation slowed to 2.3% from 2.5% in January. On a monthly basis, consumer prices climbed 0.2%, following January's 0.1% gain. The harmonized index of consumer prices rebounded 0.4% after falling 0.1% in January. 03/11/2026 - 04:37:00 (RTTNews)