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Germany: Annual Producer Price Index rises less than expected in March

FXstreet.com (Barcelona) - The German PPI increased 0.4% in March, after growing 1.2% in February, according to data released today by Destatis. Market consensus pointed to a 0.7% rise.

On a monthly basis PPI fell 0.2% in March, down from the 0.1% decline seen in February and against expectations of no change.

Germany Mar Producer Price Index (MoM) down to -0.2% vs -0.1% in Feb. (YoY) 0.4% vs. 1.2%.

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Forex: EUR/USD hovering over 1.3065/70

The bloc currency remained indifferent after German Producer Prices came in below expectations, contracting 0.2% on a monthly basis and rising 0.4 over the last twelve months, vs. 0.0% and 0.7% forecasted, respectively...
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