12:08 PM · 30 September 2021

BREAKING: German inflation accelerates slightly less than expected

German CPI inflation reading for September was released at 1:00 pm BST. Inflation rate increased to 4.10 % year-on-year in September, after a 3.9 % rise in August and below market estimates of 4.2%. It was the highest inflation since December 1993 adding to concerns over inflationary pressure in Europe's largest economy.

EURUSD saw a relatively small reaction to today’s data releases. The most popular currency pair continued to trade below 1.1600 level. Source: xStation5

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