The euro is recovering slightly after its recent losses despite unfavorable data from the euro area, where CPI inflation rose at a slower pace than expected and the unemployment rate increased to 6.4%, exceeding forecasts.

• Eurozone – CPI inflation y/y rose to 3.3%, in line with forecasts, from 2.9% previously.
• Eurozone – CPI inflation m/m came in at 0.4% versus 0.5% expected and 0.2% previously.
• Eurozone – core CPI inflation y/y fell to 2.4% versus 2.5% expected and 2.5% previously.
• Eurozone – the unemployment rate increased to 6.4% versus 6.3% expected and 6.3% previously.

EURUSD (M15 interval)

Source: xStation5