iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Economic Buzz: EUR/USD Firms As Eurozone Inflation Hits Fresh Record High

2 Feb 2022 , 03:53 PM

Eurozone annual inflation rate edges higher to a fresh record high of 5.1% in January from 5% in December, according to Eurostat. Core inflation however which excludes prices of energy, food, alcohol and tobacco, eased to a 3-month low of 2.3%. Energy continues to record the biggest price increase (28.6% vs 25.9% in December), followed by food, alcohol & tobacco (3.6% vs 3.2%), services (2.4%, the same as in December) and non-energy industrial goods (2.3% vs 2.9%), preliminary estimates showed. EUR/USD surged above 1.300 following inflation data as it surpassed market expectation of 4.4%. The pair currently stands at 1.129, easing a bit but at a one-week high.

Powered by Commodity Insights

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.