Euro Holds Higher Against Dollar After Eurozone Inflation Data
Eurozone inflation accelerated to 4.0% year over year in October from 3.8% in September, above economists’ 3.9% forecast. The euro showed little reaction, with attention on the U.S. midterm elections.
The euro remains stronger against the dollar, showing little reaction to higher-than-expected eurozone inflation data with the focus on the U.S. midterm elections. Inflation accelerated to an annual rate of 4.0% in October from 3.8% in September, exceeding the 3.9% expected by economists in a WSJ s…