The pressure on Mario Draghi is growing: if headline inflation could be blamed on oil prices, there are less excuses for the decline in core inflation. Prices excluding energy and unprocessed food have risen by only 0.8% after 0.9% last month. The same goes for prices excluding energy and seasonal food. When looking at prices excluding energy, food, alcohol and tobacco we still have +0.9%.
EUR/USD seems stable at lower ground, at 1.1365.
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