Latest data released by Destatis - 23 October 2018
- Prior +0.3%
- PPI +3.2% vs +3.0% y/y expected
- Prior +3.1%
Slight delay in the release by the source. As mentioned in the data docket preview, this is very much low-tier data. Even as the readings are a beat, they're a lagging set of data points and just a proxy for inflationary pressures.
EUR/USD now moving to the lows of the day at 1.1448 with the dollar and yen picking some bids in early trades in Europe.
