Newsig · Forex News
German state CPI readings point to inflation climbing back above 3% in September
Well, the latest German state CPI readings are starting to paint a fairly clear picture ahead of the national report later today.The state readings released around the same time:Bavaria September CPI +3.2% vs +2.9% y/y priorSaxony September CPI +3.3% vs +2.9% y/y priorNorth Rhine September Augu
Why it matters
EUR/USD (Euro / US Dollar) · Why linked: German CPI directly impacts ECB rate expectations and the euro. Market context: German inflation climbing above 3% reinforces expectations that the ECB will remain hawkish, which is supportive for the euro.
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