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EUR/USD Ignored EU CPI data !!!

The EUR/USD pair has faded the overnight spike to daily peaks near 1.1040, giving away gains towards the 1.1000 handle as sentiment remains slightly biased towards the risk appetite. Collaborating with the upbeat sentiment, European equity markets are extending their gains after a positive open.

No change after the data

Spot has practically ignored the final inflation figures in the euro area, with headline CPI rising 0.3% on a year to January and Core CPI up 1.0% YoY.

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