CPI Above Expectations Pushing EURUSD Higher

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CPI Above Expectations Pushing EURUSD Higher

In Europe, inflation accelerates, contrary to forecasts that the peak has passed. First estimates just released noted an acceleration in CPI from 5.0% to 5.1% y/y against average estimates of a slowdown to 4.4%. An inflation rate creeping above 5% might wake the ECB from its slumber and put a suppression of inflation on its […]

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