This morning’s statistics on inflation in may led to the euro strengthened despite slower CPI growth. Investors are scared of definitely clearer negative audit.
CPI m / m 0.1% which expected
May inflation among consumers fell from 0.4% to-0.1%, exactly as expected. The final value of y/y is 1.4%. Core CPI y / y fell from 1.2% to 0.9%.
The average for the EU CPI y / y was 1.6%.
The couple notes, is clearly increasing. The Eurodollar has so far failed to bear about 50% of yesterday’s decline: