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ECB: HICP inflation expectations for 2019 and 2020 were revised slightly downwards

Here are the key results of the Q2 2018 ECB Survey of Professional Forecasters, released this Friday.

   •  HICP inflation expectations for 2019 and 2020 were revised slightly downwards, while longer-term inflation expectations remained stable at 1.9%
   •  Real GDP growth expectations were revised upwards for 2018 and 2019, but downwards for 2020
   •  Unemployment rate expectations were again revised downwards across horizons

AUD/USD off lows, still in red near YTD lows

   •  Persistent USD buying keeps exerting downward pressure.    •  Aussie PPI/weaker US bond yields fail to provide any respite.    •  US GDP print
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Italy Producer Price Index (YoY) rose from previous 1.6% to 2% in March

Italy Producer Price Index (YoY) rose from previous 1.6% to 2% in March
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