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.
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