Germany's PP the slowest in 3 years
Germany's purchasing power for Q1 appreciated at the weakest rhythm within a period of three years, amid the German inflation accelerating, the Federal Statistics Office reported today.
Between January and March, compared to last year's same period, the real wages rose 0.6%, the weakest appreciation since 2013.
The inflation rate reached its strongest level since 2012 rising 1.9%. The earnings were stronger, compared to the last 3 quarters, climbing 2.6%.
Euro higher against the U.S. dollar on mixed reports
The euro appreciated versus the U.S. dollar following the euro zone's mixed economic reports' release, while the demand for the dollar resumed being vulnerable after the disappointing data in the U.S.
The EUR/USD, in the early EU trading session, reached its strongest level since June 19 to 1.1188.
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