Euro Rises with Consumer Prices
The euro rose against the US dollar today after the report showed consumer prices in the Eurozone advanced more than the analysts forecast.
The annual inflation in the Eurozone is expected to be 2.4 percent in January 2011 according to a flash estimate issued by Eurostat, the statistical office of the European Union. It was 2.2 percent in December 2010. The median estimate of the economists on Bloomberg was 2.3 percent.
EUR/USD advanced today from 1.3578 to 1.3652 as of 11:20 GMT today.
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CategoriesEarlier News About the Euro:
- Euro Rises for 4th Day on German Business Confidence Data (2011-01-21)
- Euro Drops Against Majors — Germany Reluctant to Increase Help (2011-01-17)
- Euro Climbs Despite Decline of Commodities (2011-01-14)
- Euro's Rally Loses Momentum (2011-01-12)
- Japan Plans Buy European Bonds, Supporting Euro (2011-01-11)