The European Central Bank's latest Consumer Expectations Survey reveals that Eurozone inflation is expected to rise slightly over the next year. Here are the key takeaways:
- *Inflation Expectations*: Median inflation expectations for the next 12 months have increased to 2.5% from 2.4% previously.
- *Long-term Expectations*: Expectations for three years ahead remain unchanged at 2.1%.
- *Growth Expectations*: Consumers have become more pessimistic about growth, with expectations for the next 12 months falling to -1.1% from -0.9% in September.
- *Income Growth Expectations*: Nominal income growth expectations have decreased to 1.1% from 1.3%. #trading #forex #bullrun
The EUR/USD market reaction shows the pair trading 0.22% higher on the day at 1.0578, off the weekly highs of 1.0597.¹
