France CPI m/m comes in at -0.3% against 0.4% consensus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
France’s Consumer Price Index (CPI) month over month for September came in at -0.3%, significantly below the consensus expectation of 0.4%. This figure also marked a decline from the previous month’s 0.7% reading. The actual print represented a -175.0% surprise compared to the consensus forecast.
Following the release, EUR pairs showed limited movement in the initial 15 minutes. EURAUD was up 0.4 pips, while EURCAD moved down 1.4 pips. EURCHF declined 2.8 pips, EURGBP was down 3.9 pips, and EURJPY fell 13 pips. EURNZD saw a 1.9 pip decrease, and EURUSD was down 3.7 pips. These initial moves are small when compared to the typical median 1-hour moves for these pairs, which range from 6 pips for EURCHF and EURGBP to 14 pips for EURAUD and EURNZD.