Data on inflation in the euro area for April did not change the sentiments in the market

• Consumer price index (CPI) in the euro area (y/y) is 1.2%, the forecast is 1.2%.

The report on the consumer price index in the euro area fully coincided with the forecast for all criteria. As a result, the target growth in inflation in the euro area remained positive, but very restrained, which is regarded by the market as a restrained and negative factor for the euro.

Against the background of restrained data on inflation in the euro area and the general strengthening of the American, the pair EUR/USD accelerated the decline along with euro across the entire spectrum of the market. At the same time, the market continues to await the ECB head.

Fig. EUR/USD. Current price – 1.1810

Hanzenko Anton