EUR/USD Lower, Spain's CPI Eases

EUR/USD is trading at 1.0554, down 0.0023. Spain's National Statistics Institute (INE) reported that January CPI (Consumer Price Index) eased 0.5 percent versus a rise of 0.6 percent in December. Year over year January CPI in Spain rose 3 percent versus a 1.6 percent rise in December. Spain's Harmonized Index of Consumer Prices (HICP) fell 1 percent in January versus a 0.5 percent rise in December. Year over year Spanish HICP rose 2.9 percent versus a rise of 1.4 percent in December.