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German CPI up by 0.9% in February

Friday, Feb 27 2015
The inflation rate in Germany as measured by the consumer price index is expected to rise 0.1% in February 2015 on a year earlier. Based on the results available so far, consumer prices are expected to increase by 0.9% on January 2015, above market forecasts on 0.6% incline.
 
The harmonised consumer price index for Germany, which is calculated for European purposes, is expected to be down 0.1% in February 2015 on the same month a year earlier. Compared with January 2015, it is expected to be up 1.0%. 
 
After the data euro was pushed higher, and is currently being traded at 1.1240 level. Pair is likely to find support around 1.1150 and resistance near 1.1280 level. Later today, in the US session, GDP, Chicago PMI and Pending Home Sales figures are scheduled for a release.
More in this category: « Aussie little changed in a steadier morning session U.S. GDP rose by 2.2% in Q4 »

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