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Euro Zone CPI Adds Boost to EUR

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Solid numbers were released regarding the euro zone's regional consumer price index ( CPI ). Both the core and nominal readings came in as expected with 1.2% and 2.5% growth, respectively. With the Swiss National Bank (SNB) reiterating its commitment to maintaining a floor value for the CHF, the EUR found itself gaining moderately Thursday morning.

The CPI figures were also joined by news that Switzerland's industrial production was up 3.6%, beating forecasts for 3.3% growth, and following last month's dismal 9.6% contraction. Employment change in the euro zone also saw a 0.3% bump in the right direction, stepping past expectations of 0.2% growth.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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