The euro came off from early lows against most major currencies in European deals on Wednesday, as Eurozone inflation rose in April, albeit at a slower pace.
Data from the Eurostat showed that flash inflation in Eurozone grew 0.7 on year in April, up from March’s 0.5 percent. Economists were calling for an increase of 0.8 percent.
The euro was trading at 1.3826 against the greenback, off early 3-week low of 1.3773.
Recovering from an early 2-day low of 141.12 against the yen, the euro ticked up to 141.74.
After falling to a new 2-month low of 0.8195 against the pound earlier, the euro reversed path and was trading higher at 0.8221.
Published: 2014-04-30 10:29:00 UTC+00
Euro Recovers After Eurozone CPI Data
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