Latest data released by Destatis - 28 March 2019
- Prior +0.3%
- CPI +1.4% y/y
- Prior +1.4%
Although the headline reading is seen to hold steady on an annual basis, the details aren't so pretty. The core reading saw a decline from +1.4% y/y in February to just +1.1% y/y in March and that is not good news for inflationary pressures as a whole.
EUR/USD is languishing near session lows now at 1.1240 as the dollar remains firm to start the European morning. Given the data above, there isn't much to be cheerful for the euro to kick things off today.
