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Germany: Annual PPI grows less than expected in February

FXstreet.com (Barcelona) - According to data released today by Destatis, German annual Producer Price Index rose 1.2% in February, following a 1.7% increase registered the previous month. Market experts forecasted more growth of 1.5%.

On a monthly basis German PPI slid 0.1% in February, compared with the 0.8% rise in January, against expectations of +0.2%.

Germany: Producer Price Index (YoY) up 1.2% in Feb; (MoM) falls 0.1%

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Forex: EUR/USD muted after German PPI

The shared currency posted no reaction after German producer Prices came in short of expectations on Wednesday, rising 1.2% over the last twelve months and contracting 0.1% MoM, vs. 1.5% and 0.2% expected, respectively...
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