Germany CPI m/m comes in at 0.6% against 0.5% consensus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
Germany’s CPI m/m was released today at 0.6%. This figure came in above the consensus expectation of 0.5%, representing a 20.0% surprise against that forecast. The previous month’s reading was 0.2%.
The Euro saw varied movements against other major currencies in the 15 minutes following the release. EURUSD rose 5.8 pips, while EURJPY gained 7.4 pips. EURCAD advanced 7.7 pips, and EURAUD moved up 6.4 pips. EURNZD saw a 7.6 pip increase, and EURGBP rose 4.0 pips. EURCHF moved up 3.3 pips. These initial movements are generally smaller than the median 1-hour moves observed after past releases. For example, EURUSD’s 5.8 pip rise is below its median 1-hour move of 7 pips, and EURAUD’s 6.4 pip gain is less than its median of 12 pips. EURCHF’s 3.3 pip move is close to its median 1-hour move of 4 pips.