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Webinar: Live Event Coverage: Euro-Zone CPI Data

Webinar: Live Event Coverage: Euro-Zone CPI Data

2017-03-31 11:11:00
Oliver Morrison, Analyst
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The Euro has dropped in Friday trading – cancelling out its earlier gains on the back of a strong German unemployment report -- as Euro-Zone CPI data revealed that inflation in the region is now on a downward trend.

The European Central Bank can as a result be expected to continue purchasing assets and leave interest rates unchanged until well into 2018 – which puts fundamental pressure on the single currency.

Euro-Zone inflation in March fell to 1.5% from 2.0% in February and missed expectations of a 1.8% increase. Core CPI rose 0.7% against a prior month’s reading of 0.9% as energy and food prices moderated, again missing estimates of a rise of 0.9%.

After rallying on robust German jobs figures released earlier Friday, Euro crosses have steadied.

Chart: EURUSD 15’ Timeframe (March 31)

Webinar: Live Event Coverage: Euro-Zone CPI Data

Chart by IG

See the DailyFX Economic Calendar and see what live coverage for key event risk impacting FX markets is scheduled for the week on the DailyFX Webinar Calendar

For more on the inflation data, read the DailyFX Market Alert here

--- Written by Oliver Morrison, Analyst

To contact Oliver, email him at oliver.morrison@ig.com

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