EUR flows: EUR little changed after European data

French and Spanish June preliminary CPI were essentially in line with expectations, while German unemployment rose slightly more than expected with the unemployment rate reaching 6.0% for the first time since March 2021. EUR/USD is marginally firmer on the morning but there has been no significant movement away from 1.07. Focus still very much on the French election at the weekend, with the US PCE data later having some potential to trigger some USD action.