The euro rose against the US dollar today after the report showed consumer prices in the Eurozone advanced more than the analysts forecast.
The annual inflation in the Eurozone is expected to be 2.4 percent in January 2011 according to a flash estimate issued by Eurostat, the statistical office of the European Union. It was 2.2 percent in December 2010. The median estimate of the economists on Bloomberg was 2.3 percent.
EUR/USD advanced today from 1.3578 to 1.3652 as of 11:20 GMT today.
If you have any questions, comments or opinions regarding the Euro,
feel free to post them using the commentary form below.
