Forex Trading News: EUR CPI y/y Released

Posted by Mr. Danish FX on Mon, 03/31/2008 - 5:02am in

The EUR Consumer Price Index comes out at 3.5% from the previous 3.2%. This number was forecast at 3.3%.

The CPI is used to gauge the changes in purchasing power of that nation's currency over time. This measures the rate of inflations experienced by the consumer. An increasing CPI means that the currency is essentially buying less and the strength of the currency is falling, which is not necessarily a bad thing. When CPI is unchanged, the currency is stable.

In addition, EUR Consumer Confidence remains unchanged as expected.