Today, Eurostat will release the eurozone inflation figures for October, Commerzbank’s Head of FX and Commodity Research Ulrich Leuchtmann notes.
EUR can recover without high eurozone inflation “After the German figures surprised on the upside yesterday , the market is likely to be waiting for a similar surprise for the currency area as a whole today. If that were to happen, the market's view of the ECB would be put to the test.” “Whatever one may think of the ECB, if inflationary pressure remains high, it simply has no room to cut interest rates.
Even most critics of the ECB would probably agree on that.” “A high inflation figure today would complete the trend of the EUR recovery that we have been observing since the publication of the PMI indices. These had not even been surprisingly good. They just hadn't fallen any further. Should the market reaction today follow a similar pattern, it would not take a particularly high eurozone inflation rate for the euro to continue its recovery.
Eurozone EURUSD Inflation Banks
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD consolidates ahead of key Eurozone-US dataEUR/USD trades close to Tuesday’s high slightly above 1.0800 in Wednesday’s European session.
Read more »
EUR/USD ticks up ahead of US-Eurozone data-packed weekEUR/USD gains slightly near the round-level figure of 1.0800 in Tuesday’s European session.
Read more »
EUR/GBP rises above 0.8350 ahead of Eurozone GDP, UK Autumn Forecast StatementEUR/GBP recovers its recent losses from the previous session, trading near 0.8320 in the European session on Wednesday.
Read more »
EUR/JPY trades lower following the release of weak data from the EurozoneEUR/JPY trades down almost half a percent in the 162.50s on Monday as it closes in on the ceiling of its multi-week trading range from the early August lows.
Read more »
EUR/USD rises ahead of US-Eurozone data-packed weekEUR/USD rises slightly above 1.0800 in European trading hours on Monday.
Read more »
EUR/USD slips below mid-1.0800s ahead of Eurozone CPI and US PCE Price IndexThe EUR/USD pair meets with some supply during the Asian session on Thursday and erodes a part of the previous day's gains to the 1.0870 area, or a one-and-half-week top.
Read more »