The flash estimate of Eurozone CPI inflation dipped more than expected to 1.2% YoY in April. This was a low since February 2010. There is little additional breakdown explaining why inflation dropped so sharply – consensus expectations had been for a 1.6% YoY print. The ECB Governing Council will have taken note ahead of tomorrow’s monetary policy decision.
Click here to read the full report: FX Daily
Commonwealth Bank