Inflation data in Germany

• German Consumer Price Index (CPI) (m/m) (June), fact 0.3%, forecast 0.2%.

Germany’s Consumer Price Index (CPI) rose unexpectedly in June, showing an increase in preliminary data after the recession. The published figure remains preliminary, but maintains a positive trend.

Fig. 1. German consumer price index (CPI) 

Despite the positive data for Germany, the overall dynamics of the euro remains low. It is also limited by the restraint of European stock indices. The EUR/USD pair and the market as a whole are limited by the upcoming G20 summit, the waiting for data on US GDP and uncertainty. This pair still maintains a downward trend, trading in the trading range from 1.1380-1.1400 to 1.1340-20.

Fig. 2. EUR/USD chart. Current price – 1.1370

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Hanzenko Anton

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