Every little helps but the bigger picture could be about to change dramatically
- HICP June yy -1.1% vs -1.6% exp vs -1.4% prev
- consumer inflation yy -2.2% vs -2.1% prev
Greece in deflation now for the 28th consecutive month amidst pension/wage cuts and the on-going recession.
Strange, we hardly hear about Greece nowadays...
EURUSD 1.1036 having failed to climb back over 1.1050 after lows of 1.1028
