Latest data released by Eurostat - 2 February 2018

  • Prior m/m +0.6%
  • PPI y/y +2.2% vs +2.3% expected
  • Prior y/y +2.8%

Not an important data set, as mentioned in the calendar preview this is lagging since it is December's reading. We've already had January preliminary inflation figures earlier in the week as well, so this doesn't really impact markets as much.

EUR/USD down to 1.2483 on the back of dollar strength mostly, EUR/GBP higher on the day at 0.8783, same for EUR/CHF at 1.1598 currently.