German industrial production data surprises to the upside 💡

German Industrial Production (M/M) Jul: 1.3% (est 1.0%; prev -1.9%; prevR -0.1%)

- Industrial Production (Y/Y): 1.5% (est -0.3%; prev -3.6%; prevR -1.8%)

The EUR/USD pair rebounded slightly after German industrial production data came in well above expectations, theoretically paving the way for a more cautious stance by the ECB on monetary policy.

Source:Destatis

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