BREAKING: Eurozone Inflation Comes In Below Forecasts, Unemployment Rises. EURUSD reacts

The euro is recovering slightly after its recent losses despite unfavorable data from the euro area, where CPI inflation rose at a slower pace than expected and the unemployment rate increased to 6.4%, exceeding forecasts.

Eurozone – CPI inflation y/y rose to 3.3%, in line with forecasts, from 2.9% previously.
Eurozone – CPI inflation m/m came in at 0.4% versus 0.5% expected and 0.2% previously.
Eurozone – core CPI inflation y/y fell to 2.4% versus 2.5% expected and 2.5% previously.
Eurozone – the unemployment rate increased to 6.4% versus 6.3% expected and 6.3% previously.

EURUSD (M15 interval)

Source: xStation5

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