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ECB not influenced by flash CPI

From marketpulse.com

Month-end portfolio demand, geopolitical and event risk are all taking a stab at making an impact on forex prices. So far, and not unfamiliar, investors continue to wade through the same contrived trading ranges, but this time the EUR bear must be feeling a tad stronger in their convictions. It was only natural that investors would adopt a cautious tone early Friday, ahead of Euro inflation numbers. A stable or slightly declining inflation reading would be expected to definitely reduce some pressure on the ECB to take immediate policy action at next weeks policy meet. Nevertheless, the Eurozone's CPI Flash Estimate ... (full story)

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