Breaking: EUR/USD regains 1.1300 after Eurozone Preliminary CPI beats estimates with 5.1% YoY in January

EUR/USD regains 1.1300 after Eurozone Preliminary CPI beats estimates with 5.1% YoY in January.

The Euro area figures come a couple of days after Germany’s annual inflation for January rose above expectations of 4.7%, arriving at 5.1% following a 5.7% increase reported in December.

The bloc’s CPI figures hold significance, as it helps investor assess the chances that the European Central Bank (ECB) might signal a faster than the expected path for policy tightening. The ECB is due to announce its interest rate decision on Thursday.

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