Euro-zone back to deflation with -0.2% – EUR/USD falls

Expectations were low and reality even worse: prices dropped 0.2% in the euro-zone in February according to the preliminary release. In addition, there is no comfort in the core number: it fell from 1% to 0.7%, below 0.9% expected. This certainly adds pressure on Mario Draghi’s shoulders. EUR/USD extends its falls and dips below 1.09. The low […]