Consumer Price Expectations (EUR) comes in at 30.3 against 40 consensus

Consumer Price Expectations for the Eurozone came in at 30.3, significantly below the consensus forecast of 40. This represents a -24.3% surprise against expectations. The previous reading for this indicator was 34.

Following the release, the Euro showed mixed and generally limited movement against major pairs in the initial 15 minutes. EURCAD gained 10 pips, while EURUSD rose 8.7 pips. Other pairs saw smaller moves, with EURAUD down 6.0 pips, EURCHF down 2.2 pips, EURGBP down 3.0 pips, EURNZD down 3.0 pips, and EURJPY up 0.3 pips. For context, the median 1-hour move for EURUSD after past releases has been 6 pips, and for EURCAD it has been 7 pips. The current 15-minute moves for most pairs are below their respective median 1-hour moves, suggesting a relatively subdued initial market reaction compared to historical patterns.