Eurozone CPI in line with expectations

Eurozone CPI Estimate (Y/Y) Jun P: 2.0% (est 2.0%; prev 1.9%)

- CPI (M/M): 0.3% (est 0.3%; prev 0.0%)

- Core CPI (Y/Y): 2.3% (est 2.3%; prev 2.3%)

The EURUSD pair is correcting its upward momentum slightly after the CPI data release. However, the reading itself does not change the outlook for ECB policy in the near term, as the data was in line with expectations.

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This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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