Published: 2026-05-29T07:08:25.000Z
EUR/USD flows: Current EZ macro picture on show so far
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Inflation data up as expected, French GDP revised to negative. Focus largely elsewhere
France prelim HICPI 2.8% from 2.5%, highest since Feb24, though a touch below mkt 2.9%.
Q1 GDP meanwhile revised to psychologically notably negative, -0.1% from flat, dragged by aero exports.
Spain flash HICP meanwhile 3.6% from 3.5%, in line with mkt, with core CPI 2.9% from 2.8%
Both sides of the current EZ macro situation generally on show from the data then but current data is rather secondary to the geopolitical conclusions over the next few days.