Annual inflation rate in Germany rose to 7.40% YoY in April, the highest since June 1992, from 7.3% YoY in previous month and above market estimates of 7.2%. On a monthly basis, the inflation fell to 0.8%, from 2.5% in March, however above market estimates of 0.6%.Harmonised Inflation Rate YoY increased to 7.8% in April from 7.6% in March.
EURUSD saw relatively small reaction to today’s data inflation release. The most popular currency pair continued to trade slightly below 1.05 level. Source: xStation5
