9:03 AM · 29 February 2024

BREAKING: EUR jumps after Spanish CPI data

EUR/USD
Forex
-
-

Spanish flash CPI data for February was released today at 8:00 am GMT. Report was expected to show a deceleration in headline CPI from 3.4% to 2.7% YoY, as well as a 0.3% MoM increase.

Actual report turned out to be a small 'hawkish' surprise, with annual price growth slowing from 3.4 to 2.8% YoY, instead of expected 2.7%. On a monthly basis, the reading matched expectations. French CPI data released earlier today also came in higher than expected. EUR gained following the release. Interestingly, equity markets also moved higher although data was released during the opening of the European cash session and so the move higher on equities may not be driven by CPI data.

Spain, inflation data for February

  • Annual: 2.8% YoY vs 2.7% YoY expected (3.4% YoY previously)
  • Monthly: 0.3% MoM vs 0.3% MoM expected (0.1% MoM previously)

EURUSD bounced off the 1.0830 support zone following release of Spanish CPI data and climbed above 50-hour moving average (green line). Source: xStation5

17 October 2025, 7:03 PM

Daily summary: Trump remarks helps Wall Street 📈Precious metals decline

17 October 2025, 5:37 PM

Fed's Musalem remarks on the US economy and tariffs🗽

17 October 2025, 12:37 PM

The AI Fever: Bubble or Will It Keep Rising?

17 October 2025, 10:01 AM

BREAKING: Final inflation reading matches expectations. Core HICP inflation marginally higher

Join over 1 700 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits