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NewsBreak: Euro Hits New 2019 Low After German CPI Falls Below 1%

Published 2019-09-30, 08:15 a/m
© Reuters.
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Investing.com -- The euro fell to its lowest since May 2017 against the dollar after another raft of weak inflation data - notably from Germany - bolstered speculation on more aggressive moves by the European Central Bank to support the euro zone economy. According to preliminary data, German inflation fell to an annual rate of 1.2% in September from 1.4% in August. The harmonized EU measure of inflation fell to an even lower 0.9%

  • EUR/USD falls as low as $1.0885 from $1.0912 immediately before the data

  • German 10-year Bund yield falls to -0.57%

  • Earlier data had shown a surprising 10k fall in seasonally-adjusted jobless in Germany

  • Italian jobless numbers had also fallen in September, but more due to discouraged jobseekers leaving the workforce.

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