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EMU: Annual CPI at 1.2% in April, as expected

FXstreet.com (Barcelona) - According to data released today by Eurostat, Eurozone annual inflation rose 1.2% in April, following 1.7% growth registered the previous month. This result is in line with analysts' forecasts.

Year-over-year Eurozone Core inflation increased 1% in April, down from 1.5% in March.

On a monthly basis Eurozone CPI fell 0.1% in April, compared with the 1.2% rise in March, as expected.

EUR/GBP – Another quiet day for the pair

EUR/GBP is very range bound, with attempts to a breakout on Wednesday to the top side, supported at 8445 and resisted at 8465 where again the market is testing on the release of EUR GDP that came in line with consensus. The pair ticked up and down again, oscillating in a tight range, so no shakes there yet again.
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Forex: EUR/JPY surges towards 132.00 level after CPI in EMU

The EUR/JPY received a welcome boost from the recent tranche of economic data in the EMU Thursday. After trading at 131.55 in recent minutes, the cross exploded forth to the 132.00 region, testing this mark and attempting to summit this barrier in these moments.
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