German economic surge is still subdued
In the first quarter, German economic surge was still sluggish…
December euro zone inflation meets expectations
In December, euro zone inflation went down. The given outcome was in line with market participants’ hopes. That’s what investors learned from an update published by Eurostat on Friday.
As the European Union's statistics office informed, in December the consumer price index tacked on at an annual rate of 1.4% versus November’s outcome of 1.5%.
The rates turned to be in line with hopes, although below the ECB target inflation rate of 2%, underpinning the key bank’s approach to gradually lifting interest rates.
Meanwhile, in December, inflation inched up by 0.4% month-over-month versus November’s result of 0.1%.
Core inflation, excluding food and energy prices and is closely watched by the European Central Bank, tacked on by an annualized 0.9%, demonstrating the same outcome as last month.
After the report, the currency pair EUR/USD showed a result of 1.2243 versus the previous reading of 1.2236.
Similar
5 important things this week will bring us!
What will move the markets this week? Find out here!
Weekly Cryptonews
Find out the most interesting events in the crypto market!
Latest news
Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
Greenback edges down
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
Deposit with your local payment systems
