RSS ICYMI - German December inflation came in much higher than estimated

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 RSS ICYMI - German December inflation came in much higher than estimated

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Justin had the bombshell German CPI data on Monday:


Ugh.

To emphasize the jump in inflation, Spain's December CPI also came in faster-than-expected price at 2.8% (2.6% expected)

This is going to cast doubt on the pace of expected European Central Bank rate cuts in 2025. Pricing is currently for around 100 basis points of cuts in 2025. EUR/USD rose on Monday with all this.

This article was written by Eamonn Sheridan at www.forexlive.com.
 
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