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Forex: EUR/USD little changed after German CPI

FXstreet.com (Barcelona) - The bloc currency kept the 1.3000 figure after German prices have decelerated during April, rising 1.1% on a yearly basis and contracted 0.5% MoM. In the same direction, the HICP rose 1.1% vs. 1.8% in March. Following suit, wholesale prices contracted 0.4% over the last twelve months.

Next on tap will be Spanish and Italian consumer prices, preceding the more relevant ZEW Survey in Germany.

At the moment, the cross is up 0.18% at 1.2999 with the next resistance at 1.3051 (high May 10) followed by 1.3075 (MA21d) and then 1.3100 (MA10d).
On the flip side, a drop beyond 1.2932 (61.8% of 1.2740-1.3243) would expose 1.2916 (daily cloud base) and finally 1.2850 (76.4% of Apr. range).

Germany: Annual CPI rises by 1.1% in April

According to data released today by Destatis, German annual inflation rose 1.1% in April, following 1.4% growth registered the previous month. This result is almost in line with analysts' forecasts of +1.2%. On a monthly basis German CPI fell 0.5% in April, after climbing 0.5% in March, as expected.
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Germany: Wholesale Price Index drops 0.2% in April, as expected

German Wholesale Price Index decreased 0.2% in April, following a 0.2% decline in March, Destatis reported on Tuesday. Analysts projected a steeper fall of 0.4%.
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