Published at 10:09 (GMT) 31 Oct

EURUSD

An upside surprise on Eurozone inflation with the Italian data helping push it to 0.4% after the German numbers yesterday had suggested that all the risk to the 0.3% published median was on the downside. The core rate is lower, however, and that should ensure the EUR/USD bounce is contained, while for EUR/JPY longs the day just keeps on getting better! PB

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