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German HICP inflation at 0.3% as expected

No surprises from German inflation  figures: annual HICP  rose to 0.3% as expected and annual national CPI advanced to 0.4% as expected as well. The monthly figures  both rose 0.%.

EUR/USD ticks marginally higher on the news, but remains constrained in range.

Germany was expected to report a tick up in inflation: rises of 0.1% m/m in both the national and the HICP (European standard). Both stood on 0% in  October. The year over year numbers were predicted to  advance from 0.2% to 0.3% in the HICP and 0.3% to 0.4% in the national numbers. Early  indications from the various German states suggested this kind of result or perhaps slightly stronger.

EUR/USD traded around 1.0575 towards the publication,  hovering over low ground.

The German  number feeds into the  all-European figure which in turn feeds into the ECB decision on Thursday.

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Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.