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Eurozone CPI data in focus - TD Securities

FXStreet (Łódź) - Annette Beacher, Head of Asia-Pacific Research at TD Securities remarks that investors will focus their attention today on the Eurozone July data, although the national results for Germany, Belgium, and Spain, released yesterday point to a weaker than expected reading.

Key quotes

“Eurozone Flash HICP prints softer than expected, decelerating from 0.5% y/y to 0.4% in July.”

“Consensus expects a flat reading.

NZD/USD struggling to hold above 0.8500

The NZD/USD managed to recoup some ground Thursday, pausing a 6-day losing streak after the Kiwi came under pressure and lost more than 200 pips in a combination of intervention fears and broad USD strength.
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