Flash inflation data released from Germany showed inflation rising 0.40%, below the forecasts of 0.50% for the month of February but better than the previous month's -0.80% decline. On a year over year basis, Germany's inflation was flat at 0.0%. Concurrent French inflation data showed an increase of 0.20%, below the estimates of 0.40%, while on a year over year basis, the French CPI declined by -0.20%. The Euro remained subdued on the data and started to decline in early trading on Friday with losses especially against the British Pound. Following the strong US GDP release recently, EURUSD fell below the $1.10 handle to trade near $1.095. Against the British Pound, the Euro was down for the second day.
US GDP Surprises – Rises 1.0% in Q4
Analisi Giornaliera - 29/02/2016