Inflation in the euro-zone is only 0.1% y/y. Core inflation stands at 0.9%. Both figures are 0.1% below expectations and below the preliminary reads, as prices remain subdued. Month over month, headline prices remained unchanged as expected. Has the case for more QE been given a boost?
EUR/USD slips to a new low of 1.1235 after the release. This is not a major reaction, but an extension of the previous move.
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