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Germany: Consumer Prices rose 1.5% YoY in May

FXstreet.com (Barcelona) - The advanced inflation figures in the German economy posted an annual expansion of 1.5%, surpassing estimates at 1.3% and April’s 1.1%. The Harmonised Index of Consumer Prices rose 0.3% MoM and 1.7% over the last twelve months, both prints bettering the median and previous readings.

Germany: May Consumer Price Index (YoY) up 1.5%; (MoM) rises 0.5%

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Session Recap: USD weakens broadly

The main feature of Wednesday's session was USD broad weakness. The dollar lost over 1% versus the yen and the franc. The greenback also gave up ground against the euro and the pound and to a lesser extent versus commodity currencies. With traders still looking for an explanation, many analysts point to profit taking into the month end.
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