Eurozone Inflation Data
- Current Economic Conditions Index ZEW in Germany (June), fact 7.8, forecast 6.0.
- ZEW economic sentiment index in Germany (June), fact -21.1, forecast -5.7.
- Core Consumer Price Index (CPI) (y/y) (May) of the Eurozone, fact 0.8%, forecast 0.8%.
- Consumer Price Index (CPI) (m/m) (May) Eurozone, fact 0.1%, forecast 0.2%.
- Consumer Price Index (CPI) (y/y) (May) in the Eurozone, fact 1.2%, forecast 1.2%.
The data on the consumer price index (CPI) in the eurozone turned out to be very ambiguous. Thus, on a monthly basis, the CPI slowed down in the eurozone in May, indicating a downward trend continued. At the same time, previous values for April were revised upwards. In the end, this had a restrained negative impact on the euro. The main pessimism associated with the single currency was caused by the speech of the ECB President M. Draghi.
Fig. 1. Eurozone Consumer Price Index (CPI) chart
The euro remains under the pressure across the market. The EUR/USD pair did not accelerate the decline in the downtrend, limited to the support levels: 1.1170 and 1.1150.
Fig. 2. EUR/USD chart. Current price – 1.1180
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Hanzenko Anton
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