German Consumer Prices below expectations

The inflation rate in Germany was recorded at 0 % August, after a 0.1 % decline in the previous month and below analysts’ expectations.
On monthly basis, CPI decreased -0.1 % from 0.5% decline in previous month.

Meanwhile Harmonized Index of Consumer Prices (YoY) fell 0.1%, below market expectations.

On monthly basis, Harmonized Index of Consumer Prices dropped 0.2 % in August, after 0.5 % drop in previous month and below analysts’ estimates.

EURUSD saw relatively small reaction to today’s data releases. The most popular currency pair continued to trade around 1.1935 level. Source: xStation5

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Daily summary: Gold retreats 3% as US dollar rebounds after hawkish Warsh speech in Jackson Hole

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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