Germany CPI y/y comes in at 3.3% against 2.7% consensus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
Germany’s Consumer Price Index, year over year, was released today at 3.3%. This figure was higher than the consensus forecast of 2.7%. The previous reading was 2.9%. The actual print represented a 22.2% surprise compared to the consensus expectation.
The Euro showed varied movements against major currencies in the 15 minutes following the release. EURAUD moved up 6.4 pips, EURCAD up 7.7 pips, EURCHF up 3.3 pips, EURGBP up 4.0 pips, EURJPY up 7.4 pips, EURNZD up 7.6 pips, and EURUSD up 5.8 pips. These initial moves are generally smaller than the median 1-hour moves observed after past Germany CPI releases. For example, EURAUD’s median 1-hour move is typically 12 pips, EURCAD’s is 10 pips, EURCHF’s is 4 pips, EURGBP’s is 6 pips, EURJPY’s is 9 pips, EURNZD’s is 13 pips, and EURUSD’s is 7 pips. Direction-reliability statistics are not yet available for this release.