MADRID – The euro fell slightly after the eurozone inflation data, but has bounced back to the level is was before the release and is last flat at $1.1403.
Eurozone inflation fell to 1.6 percent in December and the inflation number for November was revised down to 1.9 percent from 2 percent.
A WSJ poll had forecast a smaller inflation fall to just 1.8 percent.
Core inflation, on the other hand, stayed at 1 percent, as forecast.
And market participants have already priced out some of the previously expected interest rate rise this year by the European Central Bank.