The Eurozone Consumer Price Index (CPI) remains at 0.9% for the second consecutive month, according to the February preliminary year-on-year reading published by Eurostat. The result is one tenth below the 1% expected by the market.
The year-on-year core inflation has grown by 1.1% compared to 1.4% the previous month, matching the forecasts of the experts. This is the second month that it has been above 1% after four previous months at 0.2%.
EUR / USD reaction
EUR / USD remains pressured lower this Tuesday after falling to a new three-and-a-half week low at 1.1991 just before the data. At time of writing, the pair is trading above 1.2009, losing 0.29% daily.
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