Inflation Rate in Germany rose to 3.90% in August from 3.80 % in July and in line with market expectations. Monthly CPI amounted to 0.0%, with the forecast assuming 0.1% increase (previously 0.9%). Looking at the main currency pair – EURUSD, there is no reaction to the data.
EURUSD saw a relatively small reaction to today’s data releases. The most popular currency pair continued to trade around 1.1800 level.