April 2015 German inflation data 29 April 2015

  • Prior 0.1%
  • -0.1% vs -0.1% exp m/m. Prior +0.5%
  • CPI 0.4% vs 0.4% exp y/y. Prior 0.3%
  • -0.1% vs -0.1% exp m/m. Prior +0.5%

Inflation higher than expected and pulls Germany away from the deflation line. No move in the currency but added to the rise in Eurozone inflation expectations, the ECB will be happy that inflation maybe staring to move in the right direction.

EUR/USD hovering just below 1.1000 at 1.0995

German HICP y/y