October inflation data for the Euro Area was announced. Accordingly, consumer prices rose by 10.6% yoy. The expectation was 10.7%. It was stated that the monthly inflation data was 1.5%. DXY index gained value with the inflation data, which hit an all-time high.
European Central Bank Vice President Luis de Guindos stated yesterday that the Eurozone inflation data will be influential in the bank's next interest rate decision and that the region will probably face high inflation for months.
