Germany CPI August mm flash 0.0% vs +0.1% exp

Germany CPI August flash report 30 Aug 2016

• +0.3% prev
• yy +0.4% vs +0.5% exp vs +0.4% prev
• HICP mm flash -0.1% vs +0.1% exp vs +0.4% prev
• yy +0.3% vs +0.5% exp vs +0.4% prev

Consistent with softer regional readings posted here earlier. Not good news for the ECB or indeed Germany.

EURUSD has a little dip to 1.1162 but news mostly factored in . EURGBP now on session lows at 0.8517 but GBPUSD being capped by the 1.3120 offers/res again.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.