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.