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.