Euro dips mildly against Dollar and Yen after weaker than expected inflation reading. But it’s so far steady against others.
Eurozone headline CPI dropped to 2.0% yoy in November, down from 2.2% yoy and missed expectation of 2.0% yoy. CPI core slowed to 1.0% yoy, down from 1.1% yoy and missed expectation of 1.1% yoy.
Also Eurozone unemployment rate was unchanged at 8.1% in October, missed expectation of 8.0%. Highest unemployment rates were seen in Greece at 18.9% in August, and Spain at 14.8%.
