FXC

BREAKING: EUR sees little reaction to German inflation data

It will takes about:

30/08/2021

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. 

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