He Harmonized consumer price index (IAPC) of the Eurozone rose 2% in the year in July, at the same rate that was seen in June, according to the official data published by Eurostat on Friday.
The market forecast was 1.9%.
The underlying IAPC advanced 2.3% year -on -year (yoy) in July, after a 2.3% growth in June, below the 2.2% estimates.
In monthly terms, the IAPC inflation of the area reached 0% in July, compared to 0.3% in June.
The underlying IAPC fell 0.2% month by month (MOM) in the same period, after a growth of 0.4% in June.
The inflation objective of the European Central Bank (ECB) is 2.0%. The inflation data of the IAPC of the old continent significantly impact market pricing on the future reductions of interest rates of the interest of the BCE.
Key details of the Eurozone inflation report (via Eurostat)
When observing the main components of the Inflation of the euro zone, food and tobacco are expected -2.6% in June).
EUR/USD reaction to the Eurozone inflation report
The euro Face the pressure of mixed inflation data in the Eurozone, with EUR/USD attacking 1,1400 at the time of writing. The low paper 0.09% in the day.
Euro price today
The lower table shows the percentage of euro change (EUR) compared to the main currencies today. Euro was the weakest currency 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 the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the euro of the left column and move along the horizontal line to the US dollar, the percentage change shown in the box will represent the EUR (base)/USD (quotation).
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
