Skip to main content

EUR/USD lifts ahead of EU CPI revision

At 9am GMT today we will get the final revision to Eurozone August CPI. The markets expect that data to remain unchanged, with the final August reading remaining at 5.3% annualised. The monthly reading of 0.6% in expected to remain unchanged too and so is the core annualised rate, also at 5.3%. Ahead of this release the EUR/USD is trying to push higher once more as the wider dollar slips. The move lower in the USD index (USDX) right now is being led back by the USD/JPY and that has now slipped from an earlier session high at 147.89, currently trading close to 147.60. This move has allowed both the EUR/USD and GBP/USD to advance off their earlier session lows. The thing is though, if that Eurozone inflation data is revised, one way or the other, then it could have an impact. The EUR/USD is just now trading at 1.0692
 

Ready to Get Started?

Start here. Join 2.9M Libertex users around the world!