BREAKING: Inflation in Spain rebound despite expectations

Key takeaways

CPI inflation in Spain is higher than previous reading, rising despite decrease expectations

Key takeaways

CPI inflation in Spain is higher than previous reading, rising despite decrease expectations

CPI inflation for October: 3.1% YoY (Forecast: 2.9% Yoy: Prior: 3.0% YoY)

Monthly CPI inflation: 0.7% MoM (Forecast: 0.5% MoM; Prior: -0.3% MoM)

Core CPI inflation: 2.5% YoY (Forecast: 2.5% YoY; Prior: 2.4% YoY)

Higher than expected inflation should support ECB view to maintain interest rates unchanged, which is also in line with market expectations. EURUSD is continuing its rebound related with mixed outcome of Trump-Xi talks and after realizing gains from yesterday huge decrease after the Fed meeting.

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