EUR CPI y/y comes in at 2.8% against 3.1% consensus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
Eurozone annual Consumer Price Index, CPI y/y, was released today with an actual reading of 2.8%. This figure came in below the consensus expectation of 3.1%, representing a surprise of -9.7%. The previous month’s reading was 2.9%.
Following the release, EUR pairs showed limited movement in the initial 15 minutes. EURAUD moved +6.1 pips, EURCAD moved +1.7 pips, EURCHF moved +0.6 pips, EURGBP moved +1.1 pips, EURJPY moved +0.7 pips, EURNZD moved +2.9 pips, and EURUSD moved +2.6 pips. These initial moves are generally smaller than the typical median 1-hour movements observed after past CPI y/y releases. For example, EURAUD has a median 1-hour move of 9 pips, EURCAD 7 pips, EURCHF 5 pips, EURGBP 5 pips, EURJPY 7 pips, EURNZD 10 pips, and EURUSD 5 pips.