Another big jump in German inflation is no help to the euro

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Some German regions pop through 2.0% inflation

EURUSD:

EURUSD 15m chart

But don’t worry, we’ve all got to ignore the numbers as they don’t mean anything, say the ECB. There will be some sweaty brows being mopped in Germany though.

Baden Wuerttemberg to go and they posted 1.6% y/y last month. The main German number is at 13.00 and is expected at 2.0% vs 1.7% prior. The HICP forecast/prior is the same.

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