Core inflation in the Eurozone higher than expected
In July, the Eurozone's consumer price index was 5.3% year-over-year, which met expectations. Core inflation (i.e., less food and energy) was 5.5%, although most analysts had predicted it would fall to 5.4%. The estimated GDP growth rate remains positive, coming in at nearly 0.6%. These data are supporting the euro.
Disclaimer: The information in this article is not intended to be and does not constitute investment advice or any other form of advice or recommendation of any sort offered or endorsed by Libertex. Past performance does not guarantee future results.
Why trade with Libertex?
- Get access to a free demo account free of charge.
- Enjoy technical support from an operator 5 days a week, from 9 a.m. to 9 p.m. (Central European Standard Time).
- Use a multiplier of up to 1:30 (for retail clients).
- Operate on a platform for any device: Libertex and MetaTrader.