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The European single currency slightly increased against the Greenback, following the final consumer price index report released last Friday. The EUR/USD currency pair appreciated nine base points, or 0.08%, to hit the 1.2317 mark.
Euro zone's consumer inflation continued its run in line with estimates, the final Eurostat report showed on Friday. The EZ consumer price index growth confirmed the preliminary gain of 1.3% in January, following a 1.4% increase in the prior month. However, on a month-to-month basis, the CPI decreased by 0.9% in the reported month, following an increase of 0.4% in December. January's inflation rate was driven by services sector, food, alcohol & tobacco, energy and non-energy industrial goods.
| Historical Data Table: EZ Final Consumer Price Index y/y | Economic Calendar for Feb 26.02.2018 | ||||||||
| Date | 13.10.2017 | 14.11.2017 | 13.12.2017 | 16.01.2018 | 23.02.2018 | 2:00 PM | ECB President Draghi Speaks | ||
| Actual | 1.50% | 1.40% | 1.50% | 1.40% | 1.30% | 3:00 PM | US New Home Sales | ||
| Forecast | 1.50% | 1.40% | 1.50% | 1.40% | 1.30% | 9:45 PM | NZD Trade Balance | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| EUR/USD | 1.23084 | 1.23178 | 0.08% | EUR/USD | 40.55% | 59.45% | |||
| EUR/GBP | 0.88128 | 0.88076 | -0.06% | EUR/GBP | 28.89% | 71.11% | |||
| EUR/CHF | 1.14985 | 1.15015 | 0.03% | EUR/CHF | 28.39% | 71.61% | |||
| EUR/JPY | 131.584 | 131.619 | 0.03% | EUR/JPY | 45.10% | 54.90% | |||