Italy December final CPI m/m +0.4% vs +0.4% prelim

Final readings on Italy inflation data by Istat - 16 January 2018

• CPI y/y +0.9% vs +0.9% prelim
• HICP m/m +0.3% vs +0.3% prelim
• HICP y/y +1.0% vs +1.0% prelim

In line with expectations on all fronts. Nothing to see here, really. EUR/USD now at 1.2237 just ranging a little after the initial dip from news that Berlin's SPD section has rejected coalition talks with Merkel's Conservatives bloc.

Still no word on the trade balance data as of yet.