EUR German PP

spraysprak_02

Active Trader
Apr 23, 2010
86
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The Euro rose against the U.S. dollar after a German report showed producer prices climbed more than economist forecast, reversing earlier declines. However, due to the continuing worries surrounding the Euro-area’s debt and growth, Germany’s economy alone will not work to inflate the Euro or put excessive pressure on the ECB to hike rates. Compared to September, the PPI rose 0.4% in October, faster than a 0.3% rise in the previous month. Economists expect an increase of 0.3% time.