France January preliminary CPI +3.1% vs +3.7% y/y prior

<ul><li>Prior +3.7%</li><li>HICP +3.4% vs +3.3% y/y expected</li><li>Prior +4.1%</li></ul><p>This continues the downtrend in inflation seen from last year, which is boosting confidence that rate cuts are going to come sooner rather than later. The euro is down to the lows for the day now with EUR/USD lower by 0.3% at 1.0808.</p>

This article was written by Justin Low at www.forexlive.com.