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Eurozone HICP inflation revised slightly lower but the EUR/USD is still waiting on the Fed
The final readings to the Eurozone HICP inflation readings have just been released and the final annualised rate has been revised ever so slightly lower, from 2.3% to 2.2%. Some of the other component matrix have been revised lower by a similar amount. This is not a huge change, but it is symbolic of the fact that price pressure within the region is still easing. The EUR/USD is not much moved following this data though. It was trading around 1.0493 ahead of the release and it pretty much unchanged after it. So, once again the song remains the same-pivotal around that 1.05 handle, as Euro traders wait to see what the Fed delivers tonight
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