RTTN:Euro Climbs Against Most Majors After Eurozone Flash Inflation Data
The European currency advanced against most major currencies on Wednesday, as Eurozone flash inflation data improved more than economists forecast in March.
The harmonized index of consumer prices (HICP) increased 1.7 percent year-on-year in March after growing 1.8 percent in February. Economists had forecast a quicker slowdown to 1.6 percent.
The euro reached a 2-day high of 120.20 against the yen, reversing from an early low of 119.48.
The single currency rebounded from an early 2-day low of 1.2791 against the buck and is trading higher at 1.2830.
The euro advanced to an 8-day high of 0.8497 against the pound, recouping from an early low of 0.8471.
