EUR Core CPI comes in at 102.84, matching previous reading

Core CPI for the Eurozone was released today, showing a figure of 102.84. This print matched the previous reading of 102.84. No consensus figure was available for comparison with the actual release.

In the 15 minutes following the release, EUR pairs exhibited modest movements. EURJPY rose 3.5 pips at 5 minutes and 9.5 pips at 15 minutes. Other pairs saw smaller shifts. EURAUD was down 3.1 pips at 5 minutes and 4.4 pips at 15 minutes, while EURNZD was down 3.8 pips and then 4.4 pips over the same periods. EURCAD moved up 2.2 pips before falling 3.3 pips. EURUSD rose 1.8 pips then 1.4 pips. EURCHF was down 1.6 pips before rising 0.9 pips, and EURGBP remained flat then rose 0.9 pips. These initial movements are generally smaller than the median 1-hour moves observed after past Core CPI releases, which typically range from 5 pips for EURGBP and EURUSD to 10 pips for EURNZD.