All Articles Tagged - Eurozone CPI

European Session – Euro extends decline to 1-month low, yen continues to outperform on risk aversion

Posted on January 5, 2016 at 3:22 pm GMT

The Chinese market stabilized overnight, with the help of local regulators and authorities, giving some confidence to investors but the effect mostly lasted only during the Asian session and wore off by the European session. It was evident that risk aversion was back as the yen gained ground and the dollar strengthened against most other majors. The euro extended Monday’s decline to trade to a one-month low below $1.08. It reached its lowest level since the December 3 ECB meeting [..]

European Session – Euro rallies to 1.11 on Eurozone inflation and hopes of Greek deal

Posted on June 2, 2015 at 2:38 pm GMT

The main focus of currency markets on Tuesday was on Greece and Eurozone inflation which drove the euro up into the 1.11 handle. Eurozone inflation rose into positive territory for the first time since November, to print a reading of 0.3% in May following a flat reading in April. Core consumer prices – which exclude food and energy – climbed 0.9%, accelerating from 0.7% in April. Meanwhile, headlines regarding Greece lent some optimism to investors that a debt deal was [..]

European Session – Euro gives back some gains, dollar up on US jobless claims

Posted on April 30, 2015 at 1:19 pm GMT

The euro climbed for a third day against the dollar, reaching a two-month high of 1.1248. Much of the catalyst behind the single currency’s strength was due to the weaker US dollar, which remained under pressure a day after the Federal Reserve meeting, due to the cautious tone of the FOMC statement and due to overall concerns for the US economy. The euro eased back down to 1.1137 as the dollar began to recover late in the European session. There [..]

Eurozone inflation in line with forecasts at -0.1% y/y

Posted on March 31, 2015 at 10:07 am GMT

Eurostat released inflation data for the Eurozone, showing a slight easing in consumer prices in March on a year-on-year basis. The decline in the headline number was marginal, which may give some relief to the European Central Bank as it is trying to fend off deflation in the euro area with its quantitative easing program. The ECB recently launched a bond buying program of 1.1 trillion euros that is expected to last until September 2016. The annual rate of inflation [..]

European Session – Euro steady despite soft inflation data

Posted on August 29, 2014 at 2:05 pm GMT

The euro was lifted off a near 1-year low of 1.3159 to rise to a peak of 1.3195. Despite soft Eurozone inflation data, the euro bounced because the numbers were in line with expectations. The headline number came in at 0.3% versus a previous 0.4%. Market participants chose to ignore the headline print and focused on the increase in the core inflation rate which rose to 0.9% year-on-year. This slightly more upbeat data helped prevent a further decline in the [..]

Forex News – Eurozone inflation at lowest in 5 years

Posted on July 31, 2014 at 12:42 pm GMT

Inflation data from the Eurozone were released today for the month of July, showing a drop to well below the European Central Bank’s 2% target and to a five-year low. The consumer price index (CPI) came in at 0.4% , which was below expectations of 0.5% and down from 0.5% in June . This was the lowest level since October 2009. The core inflation rate which excludes energy, food, tobacco and alcohol costs, came in flat at 0.8% year-on-year. The [..]

European Session – Dollar holds gains as US Treasury yields rise, euro resilient after soft EZ CPI

Posted on June 3, 2014 at 1:41 pm GMT

The euro remained resilient despite disappointing inflation data from the Eurozone today, which should strengthen the case for more easing by the European Central Bank on Thursday. The euro was volatile after the flash CPI reading was released for the Euro-region, touching lows of 1.3586 against the dollar before bouncing to reclaim the 1.36 handle, climbing to as high as 1.3635 by 12:13 GMT. The euro gained 0.24% during the European session. The headline CPI fell in May to 0.5% [..]

European Session – Euro above 1.38 despite soft EZ inflation, dismal US GDP weakens dollar

Posted on April 30, 2014 at 1:35 pm GMT

The euro strengthened across the board despite below forecast Eurozone CPI numbers. The preliminary reading on headline inflation rose to 0.7% year-on-year versus 0.8% expected but above a previous 0.5%. Despite the softer number, it is unlikely that the European Central Bank will take action at its policy meeting next week. This view is expected to keep the euro supported until then. Meanwhile, Tuesday’s below-forecast German CPI prepared markets for today’s overall softer Eurozone CPI. There were other mixed data [..]

European Session – Euro surges above $1.38 on Eurozone inflation data

Posted on February 28, 2014 at 2:42 pm GMT

Eurozone inflation data printed a higher-than-forecast number today and lifted the euro to a new 2014 high against the dollar. The annual flash estimate showed consumer prices rose 0.8% in February, beating estimates of 0.7% while keeping the same pace as in the prior two months. The upbeat data lowered expectations that the European Central Bank would take action at its policy meeting next week. These diminished prospects of a rate cut led to euro buying and propelled the currency [..]

Asian Session – Yen hits 2-week high versus dollar as Japan economy grows

Posted on February 28, 2014 at 8:24 am GMT

A series of upbeat economic reports from Japan lifted the yen today, as the data indicated the economy is strengthening and suggested the Bank of Japan’s policy easing measures were helping stimulate the economy. Industrial production rose the most since 2011, while consumer price inflation increased1.1% in February from a year earlier, after a 0.7% gain the previous month. Meanwhile risk aversion due to mounting tension in Ukraine is causing safe haven flows into the yen which hit a 2-week [..]

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Eurozone CPI

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