Flash data on CPI inflation in the eurozone showed an acceleration from 9.1% from 10.0% YoY. Market expected an acceleration to 9.7% YoY. Guessing the reading based on data from member countries was quite hard given lack of clear direction in those:
-
Spain and France saw deceleration in price growth in September
-
Germany and Netherlands saw significant acceleration
Scale of acceleration in Germany and Netherlands outweigh deceleration in France and Spain, leading to a significant pick-up in inflation rate for the whole EMU. However, EUR was rather unmoved by the release with lack of any major move on the market. EURUSD continues to trade above 0.9800.
Source: xStation5
💵EURUSD tests 1.17 due to Bessent
Chart of the Day: USDJPY Falls Ahead of a Key Test for the Yen (20.08.2026)
Economic Calendar: FOMC Minutes Out, PMIs and Japanese Inflation Ahead (20.08.2026)
Morning Wrap: Asian Stocks in the Green, Bitcoin Rallies 8% – Has Risk Appetite Returned? (20.08.2026)