Euro area annual inflation was 0.2% in July 2016, up from 0.1% in June. In July 2015 the rate was 0.2%. European Union annual inflation was also 0.2% in July 2016, up from 0.1% in June. A year earlier the rate was 0.2%.
The largest upward impacts to euro area annual inflation came from restaurants & cafés (+0.11 percentage points), vegetables (+0.09 pp) and fruit (+0.08 pp), while fuels for transport (-0.46 pp), heating oil (-0.15 pp) and gas (-0.12 pp) had the biggest downward impacts.
Euro is currently being traded around 1.1330 level. Pair is likely to find support around 1.1250 handle and resistance above 1.1380 level.
UK still likely to leave the EU with a negotiated agreement, says Number 10
Sentix Investors Confidence rose to 14.7 in August
German factory orders -4.0% seasonally adjusted on the previous month
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
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