He December preliminary euro zone Consumer Price Index stood at -0.3% YoY, worsening the -0.2% forecast and equaling the result of the previous three months.
The core year-on-year CPI remained at + 0.2%, as in the previous three months, as expected.
On the other hand, the Eurozone published its consumer confidence, which improved to -13.9 in December from -17.6 October, meeting expectations. He December business climate improved to -0.41 from the previous -0.63. This is the best result seen by the indicator since last March.
EUR / USD reaction
EUR / USD has fallen to new two-day lows after the publication of the indicator, touching a bottom at 1.2263. At time of writing, the pair is trading above 1.2265, shedding 0.46% on the day.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
