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Eurozone flash CPI accelerates in Jan, beats expectations

According to Eurostat’s flash reading of Eurozone CPI report, the annual reading came in at 1.8% in Jan, higher than the consensus forecast of 1.6% and 1.1% last. While, the core figures remained flat at 0.9%, matching market expectations.

Separately, Eurozone Q4 GDP flash came in at +0.5% q/q, as widely expected, as compared to the previous +0.4% (revised higher).

European Monetary Union Consumer Price Index - Core (YoY) in line with expectations (0.9%) in January

European Monetary Union Consumer Price Index - Core (YoY) in line with expectations (0.9%) in January
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EUR/USD around 1.0700 on EMU data

EUR/USD keeps the trade around the 1.0700 handle following the release of EMU’s inflation figures. EUR/USD sticks to the positive ground The pair is
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