BREAKING: EURUSD muted on in-line German CPI inflation 📌 🇩🇪

Key takeaways

The final reading brought no surprises.

Key takeaways

The final reading brought no surprises.

07:00 AM BST, Germany - Inflation Data for October:

German CPI: actual 0.3% MoM; forecast 0.3% MoM; previous 0.2% MoM;
German CPI: actual 2.3% YoY; forecast 2.3% YoY; previous 2.4% YoY;
German HICP: actual 0.3% MoM; forecast 0.3% MoM; previous 0.2% MoM;
German HICP: actual 2.3% YoY; forecast 2.3% YoY; previous 2.4% YoY;

The final reading did not bring any surprises, with figures being generally in line with ECB's 2% medium term target and supportive of the central bank's pause in the easing cycle. EURUSD extended marginally above 1,158 following data release.

Source: xStation5

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