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Eurozone CPI

Written December 16, 2009 at 5:04 AM EST by Vincent Facchino 

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Eurozone CPI m/m came in at 0.1%, weaker than the 0.2% expected.

Eurozone CPI y/y came in at 0.5%, weaker than the 0.6% expected.

Eurzone Core CPI y/y came in at 1.0%, weaker than the 1.2% expected.

Weaker than expected figures and Eur/Usd still gets bid up to 1.4562 thus far. We may be staring at an oversold market.

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