German Wholesale Price Index

German WPI m/m came in at 0.1%, weaker than the 0.6% expected and the prior reading of 1.3%.

It would appear the weak WPI out of Germany had an effect on Eur/Usd trading. The pair was at its session high of 1.3707 when news broke and has since traded down about 20 point to 1.3687.

This entry was posted on Friday, March 12th, 2010 at 1:53 am and is filed under Forex News. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.