The German Statistical Office (Statistisches Bundesamt) has just released preliminary inflation figures for April. The report did not meet expectations It will come in at 2.2% YoY versus the expected 2.3% YoY and the previous reading of 2.2%.
On a monthly basis, the inflation rate accelerated by 0.5%, compared to the expected reading of 0.6% and the previous reading of 0.4%.
Shortly after the reading, the EUR/USD pair saw a very short downward movement.
“This report is provided for general information and educational purposes only. Any opinion, analysis, price or other content does not constitute investment advice or recommendation under Belize law. Past performance is not necessarily indicative of future information results, and any person acting upon it shall You do so at your own risk. Contracts for Difference (“CFDs”) are leveraged products and carry a high level of risk.
“Beeraholic. Friend of animals everywhere. Evil web scholar. Zombie maven.”