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The European single currency slightly dropped against the Greenback, following the French prelim consumer price index data release on Friday. The EUR/USD currency pair lost three pips, or 0.03%, in the first minute after the release, to continue fluctuating in the 1.2320 area.
The INSEE revealed better-than-expected French prelim CPI monthly data for the period of March. Consumer price index grew substantially, compared to neutral 0.0% index data in the previous period. However, that was not enough to cause a significant move on the market. With Easter approaching even closer, the EUR/USD pair is left with thin macro data and low volumes.
| Historical Data Table: French Prelim CPI m/m | Economic Calendar for 30.03.2018 | ||||||||
| Date | 30.11.2017 | 05.01.2018 | 31.01.2018 | 28.02.2018 | 30.03.2018 | 9:00 AM | EU Italian Prelim CPI m/m | ||
| Actual | 0.10% | 0.30% | -0.10% | 0.00% | 1.00% | All day | CAD Bank Holiday | ||
| Forecast | 0.10% | 0.30% | -0.30% | 0.30% | 0.80% | All day | Easter Pre-party | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| EUR/USD | 1.23172 | 1.2314 | -0.03% | EUR/USD | 45.73% | 54.27% | |||
| EUR/GBP | 0.87748 | 0.87733 | -0.02% | EUR/GBP | 41.88% | 58.12% | |||
| EUR/CHF | 1.17403 | 1.17391 | -0.01% | EUR/CHF | 28.65% | 71.35% | |||
| EUR/JPY | 130.747 | 130.738 | -0.01% | EUR/JPY | 44.13% | 55.87% | |||