The consumer price index Annualized CPI for the euro area stood at 1.9% in June, matching expectations of 1.9%, while it is slightly down from 2.0% in May., as the preliminary reading of the IPC report showed this Wednesday of Eurostat . The underlying figures also retreated, to 0.9% year-on-year in June, compared to expectations […]
Tag: IPC
EUR / USD remains under pressure near 1.1900 ahead of eurozone CPI
EUR / USD hovers around the 1.1900 region on Wednesday. Markets remain expectant on end-of-quarter cash flows and US data. The German unemployment rate remained at 3.9% in June. The pair EUR / USD moves within a tight range around the 1.1900 region on Wednesday. EUR / USD focuses on data EUR / USD retraces […]
EUR / GBP hovers near two-week highs, targeting a sustained move beyond 0.8600
The EUR / GBP gained some positive traction on Tuesday and built on its recent positive move. The moderate BoE, the nerves of COVID-19, acted as a headwind for the British pound. A stronger USD weighed on the shared currency and limited any further gains for the crossover. The EUR/GBP it spiked to nearly two-week […]
The final CPI is revised down to 0.3% in May
Inflation in the euro area reached 2.0% year-on-year in May. The monthly CPI in the block rises 0.3% in May. According to Eurostat’s final reading of the CPI report of the Eurozone corresponding to May, consumer prices stood at 2.0% annually, complying with the initial estimate. Meanwhile, the core CPI rose to 1.0%, beating the […]
USD / CAD remains below 1.2200 after Canadian CPI, awaiting FOMC
The USD / CAD struggled to capitalize on the bullish move overnight and held below 1.2200. Bullish crude oil prices, stronger Canadian CPI figures supported the loonie and limited gains. The slide remains muffled as investors seemed reluctant ahead of the FOMC’s key decision. The pair USD / CAD it remained on the defensive, around […]
Annual inflation rate rises to 3.6%, new maximum since 2011
The consumer price index in Canada it rose 0.5% in May, above the 0.4% expected and matching the advance of the previous month. The annual rate went from 3.4% to 3.6%, above the 3.5% of the market consensus. The Bank of Canada’s underlying consumer price index recorded an advance in May of 0.4%, in line […]
USD / CAD consolidates below 1.2200 pending Canadian CPI and FOMC
Expectations of a less pessimistic Fed act as a tailwind for the USD and offer some support to the USD / CAD. The current bullish streak in oil prices supports the CAD and limits any significant gains in the pair. Market participants are expecting Canadian consumer inflation figures to get some momentum ahead of the […]
GBP / USD rises above 1.4100 after UK inflation figures
GBP / USD gains positive traction on Wednesday and moves further away from month-long lows. A subdued demand around the dollar and warmer-than-expected UK CPI figures provide a modest boost to the pair. Brexit and COVID-19 issues limit any further gains before the long-awaited FOMC decision. GBP / USD has risen to fresh daily highs, […]
Annualized CPI exceeds estimates with 2.1% in May
The UK CPI rose 2.1% year-on-year in May compared to the + 1.8% expected. The UK monthly CPI reaches + 0.6% in May compared to the + 0.3% expected. The consumer price index rate UK 12-month CPI stood at + 2.1% in May compared to + 1.5% seen in April, while exceeding expectations of + […]
USD / CAD remains under pressure below the 1.2100 level
The USD / CAD is moving with a slight negative bias for the second day in a row on Friday. Pessimistic expectations from the Fed and falling US bond yields continue to weigh on the USD. A softer tone around oil prices weighs on the CAD and helps limit deeper losses in the pair. The […]
