The inflation rate in Germany as measured by the consumer price index is expected to be +0.3% in March 2016. Based on the results available so far, the Federal Statistical Office (Destatis) also reports that the consumer prices will increase by 0.8% on February 2016.
The harmonised index of consumer prices for Germany, which is calculated for European purposes, is expected to be up 0.1% in March 2016 year on year. Compared with February 2016, it is expected to rise by 0.8%. Analysts were anticipating increase by 0.6%.
Euro is currently being traded at 1.1310 level. Pair is likely to find support around 1.1250 handle and resistance above 1.1350 area.
Last modified on Wednesday, 30 March 2016
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