Italian May inflation flash report now out 31 May 2016
– -0.1% prev revised from 0.0%
– yy -0.3% vs -0.4% exp vs -0.5% prev revised from -0.4%
– HICP mm+0.3% as exp/prev
Better headline but downward revision leaves EURUSD still twiddling its thumbs at 1.1128 caught up in the cross play crossfire.