Euro US Dollar Drops as EU CPI Falls | Euro Exchange Rate News
The Euro US Dollar (EUR/USD) exchange rate is falling today, following a below-forecast set of Eurozone inflation data.
Source: euroexchangeratenews.co.uk
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Eurozone inflation slumps raising the prospect of rate cuts
Inflation fell faster than expected in the EU with economists suggesting that the ECB would soon turn its attention to rate cuts.
Source: cityam.com
Eurozone Inflation Falls Faster Than Expected
Prices rose at an annual rate of 2.4 percent in November among the countries that use the euro, continuing a broad decline in energy and food inflation.
Source: nytimes.com
Euro zone inflation fell more than expected in November, pitting ECB against markets
Consumer price growth in the 20 nations sharing the euro currency dropped to 2.4% in November from 2.9% in October, well below expectations for 2.7%
Source: theglobeandmail.com
Oil price falls after Saudi-led cartel surprises market
The price of crude oil fell after a cartel of oil-producing nations led by Saudi Arabia surprised the market by issuing a statement that failed to include an expected pledge to cut production by another million barrels per day.
Source: yahoo.com