Fellas, in about an hour from now, the Eurostat is due to release the Final CPI figures for the Eurozone. The data is low impact and may not drive significant moves in the market.

Why It’s Important?

Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.

• Economists are expecting no change in Eurozone inflation as it’s expected to rise at the same rate of 2% as last month.
• Same is with the core CPI data, it’s also expected to remain unchanged at 0.1%.
• Both figures are releasing at 10:00 (GMT) today.