BREAKING: Germany inflation rate in line with expectations

Consumer prices in Germany increased to 1.7% YoY in March from 1.3% in previous month and in line with market forecasts, preliminary estimates showed. On a monthly basis, inflation dropped to 0.50 % from 0.7 %, also in line with forecasts.

EURUSD saw a relatively small reaction to today’s data releases. The most popular currency pair continued to trade around 1.1730 level.