29 Jan 2015
Eurozone CPI next risk for EUR – Scotiabank
FXStreet (Barcelona) - Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank, mentions that EUR is trading within yesterday’s range, with immediate focus being tomorrow’s Eurozone CPI.
Key Quotes
“EUR is up 0.2%, but still trading within yesterday’s range. Eurozone confidence releases were slightly disappointing, and money supply was higher than expected; German CPI disappointed falling –1.0%m/m and –0.3%m/m, which is likely to weigh on EUR leading into tomorrow’s Eurozone flash CPI is expected to fall –0.5%y/y on headline and remain stable at 0.7% on core.”
“Additional risk is more politically orientated with developments in Greece and Russia.”
“We expect EUR to trend lower throughout 2015.”
Key Quotes
“EUR is up 0.2%, but still trading within yesterday’s range. Eurozone confidence releases were slightly disappointing, and money supply was higher than expected; German CPI disappointed falling –1.0%m/m and –0.3%m/m, which is likely to weigh on EUR leading into tomorrow’s Eurozone flash CPI is expected to fall –0.5%y/y on headline and remain stable at 0.7% on core.”
“Additional risk is more politically orientated with developments in Greece and Russia.”
“We expect EUR to trend lower throughout 2015.”