HICP in Germany fell to 0.5% annually in May. EUR/USD pair continues to trade in tight range above 1.10. Inflation in Germany, as measured by the Consumer Price Index (CPI), edged lower to 0.6% (preliminary) on a yearly basis in May from 0.9% in April, the data published by Destatis revealed on Thursday. On a monthly basis, the CPI fell to -0.1% and both of these readings matched analysts’ estimates. Moreover, the Harmonized Index of Consumer Prices (HICP), the European Central Bank’s (ECB) preferred gauge of inflation, came in at 0.5% annually. Market reaction The EUR/USD pair largely ignored these figures and was last seen posting small daily gains at 1.1010. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold clings to gains near session tops, above $1720 level ahead of US data FX Street 3 years HICP in Germany fell to 0.5% annually in May. EUR/USD pair continues to trade in tight range above 1.10. Inflation in Germany, as measured by the Consumer Price Index (CPI), edged lower to 0.6% (preliminary) on a yearly basis in May from 0.9% in April, the data published by Destatis revealed on Thursday. On a monthly basis, the CPI fell to -0.1% and both of these readings matched analysts' estimates. Moreover, the Harmonized Index of Consumer Prices (HICP), the European Central Bank's (ECB) preferred gauge of inflation, came in at 0.5% annually. Market reaction The EUR/USD pair largely ignored these… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
