German PPI lower than expected, EURUSD at an important support 💡

Germany January PPI -0.1% vs +0.6% m/m expected. In y/y terms 0.5% (1.2% expected,0.8% previous).

Soft data for the euro, which indicates that the manufacturing part of the German economy is struggling with demand problems. The market reaction itself is, however, negligible.

Source: xStation

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