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BREAKING: EURUSD with limited reaction despite higher CPI data from Germany 🎯

1:02 PM 30 July 2024

01:00 PM BST, Germany - Inflation Data for July:

  • German HICP: actual 0.5% MoM; forecast 0.2% MoM; previous 0.2% MoM;
  • German HICP: actual 2.6% YoY; forecast 2.4% YoY; previous 2.5% YoY;
  • German CPI: actual 0.3% MoM; forecast 0.3% MoM; previous 0.1% MoM;
  • German CPI: actual 2.3% YoY; forecast 2.2% YoY; previous 2.2% YoY;

CPI data from Germany came in slightly above expectations, even though regional data indicated slightly lower inflationary pressures. However, the small magnitude of the surprise does not cause excessive movements on the forex market. 

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