Euro Zone Inflation Rises more Than Expected, Euro Gains

Euro Zone Inflation Rises more Than Expected, Euro Gains


Euro zone inflation rose by 2.6 pct, more than expected 2.5 pct and June's 2.4 pct
Inflation has been moderated in the recent past and as ECB's coeure noted today, inflation expectation have also eased
Euro noted the rise in inflation and gained after the data, as such reading would put pressure on ECB to not consider rate cut while selecting the tool for easier monetary policy


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