Core CPI (EUR) comes in at 102.84

Core CPI for the Eurozone was reported at 102.84. This figure follows the previous reading of 102.87. No consensus figures were available for comparison ahead of the release.

The market reaction saw EURJPY rise +32 pips five minutes after the release, extending to +91 pips after fifteen minutes. For EURJPY, the median 1-hour move after past releases has been 7 pips, with top-quarter moves exceeding 15 pips. Other EUR pairs showed more limited movement. EURUSD declined -5.2 pips at five minutes and -7.0 pips at fifteen minutes. This move is comparable to its median 1-hour move of 5 pips, with top-quarter moves above 10 pips. EURCAD fell -8.2 pips at five minutes and -8.9 pips at fifteen minutes, which is near its median 1-hour move of 7 pips. EURAUD, EURCHF, EURGBP, and EURNZD saw smaller movements within the first fifteen minutes, generally below their respective median 1-hour moves.