The EUR/USD pair took advantage of the broad-based USD weakness on Thursday and advanced to its highest level since October 1 at 1.1600. Although the pair failed to extend its gains in the last couple of hours, it remains on track to close the third straight day with gains as it trades near 1.1560 while adding 0.35% on the day. The monthly inflation published by the U.S. Bureau of Labor Statistics on Thursday revealed that the CPI rose 0.1% on a monthly basis in September and the annual rate fell to 2.3% from 2.7% in August to miss the analysts' estimate of 2.4%. Further details of the report showed that the core CPI, which excludes food and energy prices, remained steady at 0.1% and 2.2% on a monthly and yearly basis, respectively. After slumping to 95 with the knee-jerk reaction to the data, the US Dollar Index retraced a part of its losses and was last seen down 0.22% on the day at 95.25. (source: fxstreet)