Eurozone inflation has fallen to its lowest level

Since late 2009, slipping to 0.5% on year in March from 0.7% in February and undershooting forecasts of 0.6%. The slowdown is likely to strengthen concerns that the eurozone is sliding towards deflation and could add pressure on the ECB to further ease policy at a meeting on Thursday. The euro was +0.1% at $1.3769 at the time of writing.