The Eurozone Harmonized Index of Consumer Prices (HICP) rose 2% over the year in July, at the same pace seen in June, the official data released by Eurostat showed Friday.
The market forecast was for a 1.9% print.
The core HICP advanced 2.3% year-over-year (YoY) in July, following a 2.3% growth in June, below the 2.2% estimates.
On a monthly basis, the bloc’s HICP inflation arrived at 0% in July, compared with June’s 0.3%.
The core HICP dropped 0.2% month-over-month (MoM) in the same period, following a 0.4% growth in June.
The European Central Bank’s (ECB) inflation target is 2.0%. The old continent’s HICP inflation data significantly impacts the market’s pricing of the ECB's future interest rate cuts.
Key details from the Eurozone inflation report (via Eurostat)
Looking at the main components of euro area inflation, food, alcohol & tobacco is expected to have the highest annual rate in July (3.3%, compared with 3.1% in June), followed by services (3.1%, compared with 3.3% in June), non-energy industrial goods (0.8%, compared with 0.5% in June) and energy (-2.5%, compared with -2.6% in June).
EUR/USD reaction to the Eurozone inflation report
The Euro faces the heat from mixed Eurozone inflation data, with EUR/USD attacking 1.1400 as of writing. The pair is down 0.09% on the day.
Euro PRICE Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the weakest against the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.11% | 0.33% | -0.12% | 0.17% | 0.11% | 0.60% | 0.55% | |
| EUR | -0.11% | 0.31% | -0.21% | 0.12% | 0.14% | 0.34% | 0.50% | |
| GBP | -0.33% | -0.31% | -0.50% | -0.19% | -0.17% | 0.25% | 0.21% | |
| JPY | 0.12% | 0.21% | 0.50% | 0.28% | 0.25% | 0.60% | 0.67% | |
| CAD | -0.17% | -0.12% | 0.19% | -0.28% | -0.08% | 0.43% | 0.39% | |
| AUD | -0.11% | -0.14% | 0.17% | -0.25% | 0.08% | 0.42% | 0.50% | |
| NZD | -0.60% | -0.34% | -0.25% | -0.60% | -0.43% | -0.42% | 0.06% | |
| CHF | -0.55% | -0.50% | -0.21% | -0.67% | -0.39% | -0.50% | -0.06% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
作者：Dhwani Mehta，文章来源FXStreet_id，版权归原作者所有，如有侵权请联系本人删除。
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
加载失败()