Latest data released by Destatis – 20 May 2019
- Prior -0.1%
- PPI +2.5% vs +2.4% y/y expected
- Prior +2.4%
Slight delay in the release by the source. Slightly better-than-expected producer price figures but the release here is very much a lagging indication of inflationary pressures. As such, it doesn’t hold much significance in terms of impact to markets.
EUR/USD holds steady at 1.1154 currently, near unchanged levels on the day. EUR/JPY is also barely moved currently at 122.85 after having touched highs above the 123.00 handle earlier in Asia Pacific trading.