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HICP market reaction

EUROZONE DATA
  • EURUSD little moved on the EZ HICP release.
  • Bund futures having spiked higher from 137.30 to 137.50 before immediately reversing. We are now below those prevailing levels to 137.00 at the time of writing - closer to levels seen when Europeans started getting to their desks (but not reversing the 20 tick move higher seen overnight yet).

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