German PPI for February came in at -0.5% m/m and +0.9% y/y, demonstrably weaker than expected, the median forecasts having called for -0.2% and +1.3% respectively. The year on year rise is the weakest since September 2007. Just one more piece of evidence of waning global price pressures.
EUR/USD has ticked higher in early European trade, presently at 1.3665 from around 1.3640, with the USD still very much in the doldrums.
