Latest data released by Istat - 30 April 2019
- Prior +0.3%
- CPI +1.1% vs +1.1% y/y expected
- Prior +1.0%
- HICP +0.6% vs +0.7% m/m expected
- Prior +2.3%
- HICP +1.2% vs +1.3% y/y expected
- Prior +1.1%
Very much similar to the Spanish and French readings earlier whereby they are more or less in-line with estimates but annual inflation shows an improvement from March. It has been a relatively optimistic set of data releases from the euro area today and that is helping to keep the single currency supported.
EUR/USD now rises to a high of 1.1211 on the session as it looks to buyers look to exert control after breaking above the 200-hour moving average.
