In another negative sign for the European and Global Economies, Italian Final CPI for January slowed to its lowest level since August 2007. A weaker economy and lower energy prices are being named as two of the reasons for the poor result which saw inflation fall year on year in December from 2.2% to only 1.6% in January.
This could be weighing on the EUR/USD a little at the moment and may be responsible for pushing it back below the 1.2900 level.
