Eurozone February preliminary CPI data now out 28 Feb

  • 1.0% prev
  • CPI yy 1.2% as exp vs 1.3% prev

As expected and core reading stable but not going to bring any cheer to the ECB

EURUSD 1.2219 after stubbornly holding onto 1.2200 earlier. EURGBP up to 0.8797 EURJPY a tad softer at 130.83 as USDJPY once again runs into sellers.