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German Import Prices rose more than expected

Monday, Apr 27 2015
It is a steadier European part of the session for euro with only minor importance German Import Prices data being released As reported by the Federal Statistical Office the index of import prices decreased by 1.4% in March 2015 compared with the corresponding month of the preceding year. In February 2015 and in January 2015 the annual rates of change were –3.0% and –4.4%, respectively.  However, from February 2015 to March 2015 the index rose by 1.0%, above market forecasts on 0.5% increase. 
 
The index of import prices, excluding crude oil and mineral oil products, increased by 2.3% compared with the level of a year earlier. The index of export prices increased by 1.4% in March 2015 compared with the corresponding month of the preceding year. In February 2015 and in January 2015 the annual rates of change were +0.7% and +0.4%, respectively. From February 2015 to March 2015 the index rose by 0.6%.
 
Euro has been little changed this morning currently being traded few points above 1.0850 level. Pair is likely to find support around 1.08 area and resistance above 1.09 handle. There will be no major data releases later today.
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