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EUR/USD slips again as annualised French inflation falls

Following an earlier quite bad miss on the latest German retail sales data (fell by 1.6% where a 0.6% rise was forecast), the latest French inflation data has just been released. The Euro largely ignored that poor German sales data, but it has fallen back a short while ago, after the latest French CPI data missed annualised forecasts. That data comes ahead of the equivalent reports for Germany later on. This has helped to boost European equity futures though and pushed the CAC 40 future to above 7,700 and raised the opening outlook for the DAX too. Meantime, the EUR/USD did not appreciate that French data and has just now hit a fresh session low at 1.0806. It is currently trading at 1.0811

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