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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

German Regional Inflation Pulled the Euro Down

March, 30 2017
watermark Economic news

Change in market sentiment after a regional inflation in Germany pulling the Euro currency back to lows for nine successive days against the U.S. dollar. The greenback is still trying to recover after being on the lows because of the issue concerning healthcare. Yet, it increased by 2.0 percent against the Euro trading at $1.0737 following a drop in annual inflation from 2.4 percent last month to 1.8 percent as specified by the German state Saxony.

It is still below the 2 percent target of the European Central Bank and this raises worries for ECB officials with the current market sentiment towards tighter monetary policies and higher Eurozone interest rates with plans for a rate hike early next year. They are also anxious about the April meeting to ensure “easy money policy” continues.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.