Inflation in France lower than expected; EURUSD ticks down

08:45, France - CPI data for May. Actual: 0.7% y/y. Forecast: 0.9% y/y. Previous: 0.8% y/y.

- CPI (M/M): -0.1% (est 0.1%; prev 0.6%)

- CPI EU Harmonised (Y/Y): 0.6% (est 0.9%; prev 0.9%)

- CPI EU Harmonised (M/M): -0.2% (est 0.1%; prev 0.7%)

Lower French CPI data weakens the EUR somewhat against the USD as it reduces the chances of a hawkish ECB decision on interest rates.

Source: xStation

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