Germany: Import Price Index rises 0.1% in August

FXstreet.com (Barcelona) - Year-over-year German Import Price Index grew by 0.1% in August, following a 0.1% increase registered the previous month, according to data released by Deutsche Bundesbank. This result is in line with market consensus.

On a monthly basis Import Price Index fell 3.4% in August, down from the 2.6% slide in July but still above forecasts of dropping 3.8%.

EUR/JPY seems to run out of steam

The EUR/JPY is heading downwards today since the kick off of the early Asian trading session as it lacks the fuel to continue moving on the upper level after 5 consecutive “green” days.
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NZD/USD continues to head north

The NZD/USD is heading steadily upwards, as the “kiwi” continues to outperform across the board, mainly due to the hedge funds buying the NZD/JPY cross with leveraged money to take advantage of the “carry trade”, as well as on market optimism.
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