Yearly CPI estimates from the Eurozone released yesterday showed a deceleration to -0.20% in February, compared to a 0.30% increase in January. On a monthly basis, inflation rose a meager 0.10% with four major economies in the Eurozone recording negative inflation rates. Core Eurozone CPI was 0.70%, lower than estimates and sparking concerns in the ECB. However, the recent rally in oil prices could help in stabilizing short term inflation rates if they are maintained. The ECB is likely to announce further easing in March with markets pricing in a -0.10% rate cut while monthly bond purchases are expected to increase by €10 billion. The currency continued to slide against the Dollar yesterday and maintains its bearish movement, drifting lower towards the 1.0500 handle.