The euro is recovering slightly after its recent losses despite unfavorable data from the euro area, where CPI inflation rose at a slower pace than expected and the unemployment rate increased to 6.4%, exceeding forecasts.
- Eurozone – CPI inflation y/y rose to 3.3%, in line with forecasts, from 2.9% previously.
- Eurozone – CPI inflation m/m came in at 0.4% versus 0.5% expected and 0.2% previously.
- Eurozone – core CPI inflation y/y fell to 2.4% versus 2.5% expected and 2.5% previously.
- Eurozone – the unemployment rate increased to 6.4% versus 6.3% expected and 6.3% previously.
EURUSD (M15 interval)
Source: xStation5
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