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Will Eurozone inflation pave the way for a more aggressive ECB today?- EUR/USD dips below 1.0850
Ahead of the ECB policy decision, at 12.15pm GMT we will get the final reading of Eurozone HICP inflation, at 9am GMT. The first reading on this was at 1.8% annualised which is below the 2% forecast range. The markets expected this to remain unrevised, but if it is revised lower, those calling for more than a 0.25% cut from the ECB today may shout louder. Of course the opposite also applies, if the data is revised higher. Ahead of this the EUR/USD just now set a fresh interim low underneath 1.0850. The low print was set at 1.0849. All to play for folks. The EUR/USD is just now trading at 1.0852
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