German CPI pretty much as expected

German CPI April (provisional) has come in at flat m/m, +0.7% y/y, pretty much in line with median forecasts of +0.1% and +0.8% respectively. EU harmonised came in at flat and +0.7% again pretty much in line with median forecasts of +0.1% and +0.8%.

EUR/USD steady at higher levels in wake of numbers, presently at 1.3050. ECB still headed to probably trim rates and announce quantitative ease at their next meet on May 7.