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BREAKING: EURUSD with almost no reaction despite eurozone’s CPI beat

10:05 AM 31 August 2021

Flash CPI data from the euro area for the month of August has just been released. Markets expected a print of 2.7% YoY (vs previously: 2.2% YoY). Meanwhile, the data surprised to the upside as CPI accelerated to 3.0% YoY. Core CPI for August came in at 1.6% (vs previously: 0.7% YoY). 

EURUSD moved just slightly higher after the release - the reaction is very limited. The main currency pair is currently trading near 1.1825 (upper limit of the 1:1 structure). 

Source: xStation5

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