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German state inflation drops sharply on oil

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 26, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD, 60 min German state inflation drops sharply on oil. Annual inflation in the six states that released February data this morning declined much more than expected, with headline rates in 5 of the states now in negative territory and NRW, the most populous state reporting an annual rate of 0.1% y/y, down from 0.6% y/y in the previous month. Base effects and lower oil prices are the main reason, with prices excluding household energy and petrol actually a full percentage point higher at

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