Home/Newsfeed

Eurozone Inflation Rises as Unemployment Falls to 2009 Lows

Share Print 0

Euro zone inflation was stable in July but its core measure, which is closely watched by the European Central Bank, went up to a four-year high against market expectations of a drop, flash estimates released by Eurostat showed on Monday.

In a separate release, the European Union’s statistics office said unemployment in the 19-country currency bloc dropped to its lowest level since 2009, confirming the robust recovery of the euro zone’s economy and giving the ECB more ground for tightening its monetary policy in autumn.

Eurostat estimated that consumer prices in the euro zone were stable at 1.3 percent year-on-year in July, the same as in June and in line with forecasts of economists polled by Reuters.

Reuters

Venezuela To Prop Up Oil And Gold

USD/CAD Canadian Dollar Higher After Stronger 2Q GDP

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam

Senior Market Analyst - UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam

@@craig_forex

, , , , , ,
Back to Top