France HICP m/m comes in at 0.8% against 0.2% consensus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
France’s Harmonized Index of Consumer Prices (HICP) month over month for August was released today, showing an actual figure of 0.8%. This print significantly exceeded the consensus expectation of 0.2%, representing a surprise of 300.0%. The previous month’s reading was 0.6%.
Following the release, the euro saw varied movements against major currencies over the initial 15 minutes. EURAUD moved -0.6 pips, EURCAD showed 0.0 pips, EURCHF gained +0.4 pips, and EURGBP rose +0.3 pips. EURJPY declined -1.8 pips, EURNZD fell -2.0 pips, and EURUSD increased +0.9 pips. These initial movements are relatively small when compared to the typical median 1-hour moves observed after past releases, which include 14 pips for EURAUD, 9 pips for EURCAD, 6 pips for EURCHF, 6 pips for EURGBP, 12 pips for EURJPY, 14 pips for EURNZD, and 8 pips for EURUSD.