European Monetary Union Consumer Price Index - Core (YoY) in line with forecasts (0.7%) in April

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May 18, 2016

Eurozone CPI drops in April, deflation makes a comeback

Eurozone April Consumer Price Index (CPI) dropped 0.2% on annualized basis, in line with the estimated decline and as compared to no growth seen in March.

EUR/USD drops further post-EMU data

The shared currency is now accelerating its downside, sending EUR/USD to the 1.1260 area.