The single currency fell by around 1% against the dollar yesterday, but has since regained around half of those losses. Against sterling the picture was reversed, with choppy gains over the day since pared back this morning.
Eurozone inflation breached double figures again, powering up from 9.9% in September to 10.7% in October. Fuel was the largest part of that, rising by nearly 42% year on year, and with food, alcohol and tobacco up 13.1%.
The flash reading for GDP was 0.2% for Q3 and 2.1% year on year. Both were well below both last month and market expectations.
EUR/USD past year
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