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Forex: EUR/USD eases to 1.3065 after French data

FXstreet.com (Barcelona) - The single currency eased some ground to the area of 1.3060/65 after French consumer prices rose 0.8% on a monthly basis and 1.1% YoY, both prints exceeding forecasts at 0.7% and 1.0% respectively.

No further results are now expected in the euro area, apart from the ECB Monthly Report and the 3-year bond auction in Italy.

EUR/USD is now losing 0.03% at 1.3066 with the next support at 1.3044 (hourly lows Apr.11) ahead of 1.3006 (low Apr.9) and then 1.2963 (low Apr.8).
On the flip side, a break above 1.3122 (high Apr.10) would then target 1.3135 (high Mar.8) and finally 1.3146 (MA55d).

France Mar Consumer Price Index (EU norm) final (MoM) rises to 0.8%; 1.1% (YoY)

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Overnight, New Zealand house prices rose 2.4% in March (+10.9% YoY) - the fastest monthly increase in six years. Finance Minister English said that if the boom continues, interest rates might have to rise. This resonated with a similar warning issued by RBNZ Deputy Governor Spencer on Monday, and the NZD/USD eventually climbed on the back of this to 0.8600 overnight.
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