Germany HICP flash January 2018
- Prior 1.6%
- CPI 1.6% vs 1.7% exp y/y. Prior 1.7%
Softer than the market was expecting but the seeds were sown from some of the regional numbers earlier. Nevertheless, it’s a drop in inflation in the biggest Eurozone economy and that’s not good news for ECB watchers. EURUSD has dropped a touch to 1.2403 from 1.2427.
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