The main currency pair is trading lower after the publication of the inflation report on Wednesday afternoon.
On Wednesday afternoon, the euro/dollar fell after the release of mixed statistics for the euro area. At the moment, the instrument is trading near the 1.0595 mark (-0.3%).
During the day, interesting economic data was released. The consumer price index in the basic value at the end of November amounted to only 0.9% y/y vs. expectations of 1.0% y/y. The standard calculation has shown that inflation last month was only 0.1% y/y while expecting 0.2% y/y.
The producer price index in the euro area in October dipped by 3.1% y/y while waiting for a decline to -3.2% y/y. In October, the indicator fell by 0.3% m/m against the forecast of a decline of 0.4%.
This statistic is not something that would really upset investors in the euro/dollar - few people harbored any illusions about price pressures. It is not here and will not appear in the near future - at first the ECB should extend the incentive QE program, and then wait for any pronounced effect on it. For now specifically in issues of healthy inflation, there are no significant improvements.
RoboForex Analytical Department
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