EMU Inflation for July: 2.0% (expectations: 1.9% YoY; previously: 2.0% YoY)
Core CPI: 2.3% YoY (expectations: 2.3% YoY; previously: 2.3% YoY)
Monthly CPI: 0,0% MoM (expectations: -0.1% MoM; previously: 0.3% Mom)
Inflations numbers are a little bit higher than expectations, which confirms the ECB's decision to keep interest rates unchanged in the near future. Despite higher inflation numbers, EURUSD continues downward pressure, approaching 1.1400 level that was seen last time on June 10.
Daily summary: Stocks in Europe and US return to declines; Brent above $100 again ❗
BREAKING: NATGAS ticks higher after EIA data release 💡
Chart of the Day: EURUSD – Why is the Euro Losing to the Dollar?
Cattle futures fall amid JBS plant strike, rising corn and Middle East 📌