Euro cheaper on inflation data in the euro area

The euro exchange rate against the U.S. dollar on Monday due to declines were worse than expected inflation data in the eurozone , reports Bloomberg. According to revised data , inflation in the eurozone slowed in February to 0.7 % yoy from 0.8 % in January , while economists predicted conservation assessment at the preliminary level of 0.8 %.

However, the market’s attention remains focused on the situation around the Crimea, where on Sunday a referendum on the status of the peninsula. ” We are waiting for the reaction of the European Union , the U.S. response – said the head of currency strategy at HSBC in London , David Bloomberg. – Foreign exchange market looks very calm . He does not see what is happening in the global problem . Market believes that it is a local isolated problems .”
The euro exchange rate against the U.S. dollar to 15:54 MSK on Monday was $ 1.3893 compared with $ 1.3914 at the close of North American trading on Friday .

The yen depreciates all major currencies for the first time in six sessions , as the rally on the stock market reduces fears that the results of the Crimean referendum will lead to increased tensions in the relations of Russia and the West .

The cost of the yen against the U.S. currency fell to 101.81 yen against 101.36 yen on the basis of previous trades .

To Euro Japanese national currency fell to 141.44 yen against 141.03 yen on Friday .