Saxony CPI data now out 30 Jan
- yy 1.4% vs 1.7% prev
First of the German regionals and it's not good news . More regionals to come before Germany as a whole data at 13.00 GMT
Despite all the upbeat talk on German economy lately the ECB have been right to be cautious on inflation.
Saxony State Statistics Office said falling clothing prices helped mute overall inflation.
EURUSD down to 1.2340 as EURJPY falls to 134.14
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