Latest data released by INSEE - 31 May 2018
- Prior +0.2%
- CPI +2.0% vs +1.9% y/y expected
- Prior +1.6%
- HICP +0.4% vs +0.3% m/m expected
- HICP +2.3% vs +2.1% y/y expected
A solid bounce in inflationary figures, and that's a welcome boost at ahead of the Eurozone release later. Continues the trend from the German readings yesterday. EUR/USD now up to 1.1683 having fallen to 1.1670 levels earlier after rejection at the 200-hour MA @ 1.1689.
Now moving for a break of the 200-hour MA again as the pair hits session highs.
