The euro underperformed after Eurozone CPI data missed expectations, while the dollar itself traded generally firmer against the other main currencies, and mixed versus emerging currencies. EUR-USD was showing a 0.4% loss in early PM session in Europe, reaching a low of 1.0581. The Eurozone prelim November CPI came in cooler than expected at 0.1% y/y, below the 0.2% median forecast and matching October's rate. This swung the weight of argument back to the dovish camp at the ECB after yesterday's better than expected employment data.
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