Euro area : CPI and the unemployment rate is improving, the Euro appreciates on the Forex

The CPI and the unemployment rate in the euro area that come to be published came out above expectations.

The CPI-annualized global remains unchanged as expected at 1.3%, but the CPI core bounces back to 1.2% from 1.1% previously, while the figure was expected to be unchanged.

The unemployment rate declined to 9.1% compared to 9.2% expected and previously.

On Forex, EUR/USD bounces slightly and stop making pressure on the 1.1720, but the pair is still below 1.1750.

The reluctance of this morning is still in place, waiting for the breaking thresholds.

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