Dutch International: Eurozone inflation data is unlikely to have a significant impact on the euro.

Francesco Pesole of the Netherlands International Group stated in a report that the upcoming preliminary inflation data for the Eurozone in January is unlikely to have a substantial impact on the Euro. According to a survey of economists, the data to be released is expected to show that the inflation rate slowed to 1.8% in January. Pesole said, "We believe that there is nothing in this data that would prompt the European Central Bank to make any meaningful changes in tone tomorrow." He mentioned that the upcoming economic data from the United States may have a bigger impact, as strong data could drag the Euro below 1.18 USD in the coming days. The calculations from the Netherlands International Group show that the current trading price of the Euro is about 0.8% higher than its short-term fair value. The Euro rose by 0.1% to 1.1833 USD.