BREAKING: EUR dips after Eurozone CPI data

CPI inflation data for September from the Eurozone was released today at 10:00 am BST. Market was expected a slowdown from August in both headline and core gauges. Actual data confirmed those expectations with bigger-than-expected slowdown reported in both measures. However, this should not come as a surprise given that data from EMU members has been already released and strongly hinted at lower reading for whole euro area.

Euro area, CPI inflation for September.

• Headline: 4.3% YoY vs 4.5% YoY expected (5.2% YoY previously)
• Core: 4.5% YoY vs 4.8% YoY expected (5.3% YoY previously)

EUR moved lower following the release but scale of the drop was very small and did not exceed 0.05% in the first minutes following the release. European stock market indices ticked higher.

Source: xStation5