German June CPI data 29 June

  • -0.2% prev
  • yy 1,6% vs 1.4% exp vs 1.55 prev
  • HICP mm 0.2% vs 0.0% exp vs -0.25 prev
  • yy 1.5% vs 1.3% exp vs 1.45 prev

No great surprises given the similar pattern in German regionals already released this morning.

It's enough to please the headline-grabbing algos though.

EURUSD back up to 1.1415 and EURGBP 0.8797 after holding the 0.8780-85 support/demand lines I highlighted in my previous post.

German bunds still on the rise.

German CPI mm