Eurozone May CPI data now out 16 June
- 0.4% prev
- YY final 1.4% as exp/prev
- core CPI yy 0.9% as exp/prev
- Q1 Labour costs 1.5% as prev revised down from 1.6%
- Q1 wages +1.4% yy vs 1.65 in Q4
Euro continues to feel some love this morning and relieved there's no nasty downside surprise in this data given the ECB's recent lower forecasts.
EURUSD 1.1180 EURGBP 0.8775 EURJPY 124.40
