CPI in Eurozone declined to 2.6%

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Source: Forexpros
© Scanpix/AFP

Eurostat reported on Tuesday that Eurozone's consumer price inflation was revised down, declining unexpectedly last month. Year-on-year CPI fell to 2.6%, whereas economists expected that the revised reading of the index would be unchanged from the initial estimate, which was equal to 2.7%. Following the release of the data, the Euro added 0.34% versus the greenback to trade at $1.2991.

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Tue, 16 Oct 2012 14:01:01 GMT

U.S. consumer prices climbed last month

The Labor Department reported on Tuesday that consumer prices in the U.S. were advancing in September, following an increase the month before, which was a reflection of a growth in energy expenses. September's consumer prices were growing at a rate of 0.6% for the second consecutive month, while economists expected that it would by only 0.5%. Core CPI added 0.1%, which was lower than a 0.2%

Tue, 16 Oct 2012 14:54:20 GMT

Euro higher as Spain expected to request aid

On Tuesday, the Euro was traded higher versus the U.S. Dollar, rising above $1.30, amid improvements in German investor sentiment and speculation that the Spanish government would soon request for bailout. The 17-nation currency added 0.8% to trade at $1.3055 by 8:31 a.m. in New York. Earlier in the day, the European currency reached the level of $1.3059, which was the highest since October 5.

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