Inflation in the euro area remains subdued in November. EUR/USD extends sideways grind above 1.2200 after the CPI data. Inflation in the euro area, as measured by the Consumer Price Index (CPI), was -0.3% on a monthly basis in November, the data published by the Eurostat showed on Thursday. The Core CPI, which excludes volatile food and energy prices, fell to -0.4% from 0.1% in October and stayed unchanged at 0.2% on a yearly basis. Both of these readings came in line with analysts’ estimates. Market reaction The EUR/USD pair showed no immediate reaction to this report and was last seen trading at 1.2230, where it was up 0.27% on a daily basis. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin takes off eyeing $25,000, crypto bull run to the moon FX Street 2 years Inflation in the euro area remains subdued in November. EUR/USD extends sideways grind above 1.2200 after the CPI data. Inflation in the euro area, as measured by the Consumer Price Index (CPI), was -0.3% on a monthly basis in November, the data published by the Eurostat showed on Thursday. The Core CPI, which excludes volatile food and energy prices, fell to -0.4% from 0.1% in October and stayed unchanged at 0.2% on a yearly basis. Both of these readings came in line with analysts' estimates. Market reaction The EUR/USD pair showed no immediate reaction to this report and was last… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
