CPI in Eurozone declined to 2.6%

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.