Accelerating Consumer Inflation Fails to Bolster Euro

May 03,2019 15:58   Source:Earnforex
While the euro managed to rebound against the US dollar today, the shared 19-nation currency remained soft against other most-traded rivals. Consumer inflation beat expectations, but that failed to bolster the currency. One of the possible reasons for the euro’s weakness was the unexpected decline of producer prices. Eurostat reported that eurozone annual consumer inflation was expected to be at 1.7% in April. That is compared to the analysts’ median forecast of 1.6% […]

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