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EUR steady near 1.1760 on USD weakness – BBH

EUR/USD is holding firm near 1.1760 as softer USD and stabilizing Eurozone inflation underpin the single currency, with attention turning to Germany’s CPI release and Lagarde’s remarks, BBH FX analysts report.

Eurozone CPI data aligns with 2% ECB target

"EUR/USD is firmer near 1.1760 on USD weakness. Germany’s EU harmonized September CPI print is expected at 2.2% y/y vs. 2.1% in August (1:00pm London, 8:00am New York). Of note, the September EU harmonized CPI for France was 1.1% y/y (consensus: 1.3%) vs. 0.8% in August, Spain’s matched consensus at 3.0% vs. 2.7% in August and Italy’s rose to 1.8% y/y (consensus: 1.7%) vs. 1.6% in August. "

"Overall, Eurozone inflation is stabilizing at the ECB’s 2% medium-term target consistent with steady ECB policy and supportive of EUR. ECB President Christine Lagarde gives a keynote speech today (1:50pm London, 8:50am New York)."

When is the flash German HICP data and how it could affect EUR/USD?

The preliminary German Harmonized Index of Consumer Prices (HICP) data for September is due for release today at 12:00 GMT. The Federal Statistics Office of Germany is expected to show that inflationary pressures in the German economy rose at an annual pace of 2.2%, faster than 2.1% in August.
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CHF: What else would you like? – Commerzbank

The ongoing trade conflict is making things increasingly difficult for Switzerland. On Thursday night, the US President announced on social media that a 100% tariff would apply to branded or patented medicines starting tomorrow.
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