Euro Mixed Ahead Of German PPI, GfK Consumer Sentiment
December 19 2014 - 1:57AM
RTTF2
Destatis released German producer price index for November and
market research group GfK release consumer sentiment for January at
2:00 am ET Friday. Producer prices are estimated to fall 1.1
percent annually in November following the 1 percent drop in
October. On a month-over-month basis, producer prices are expected
to decline at the stable rate of 0.2 percent. The forward looking
consumer confidence index is expected to rise to 8.8 in January
from 8.7 in December.
Ahead of the data, the Euro showed mixed trading against its
major rivals. While the Euro recovered against the U.S. dollar and
the Pound, it retreated against the Yen and the Swiss franc.
As of 1:55 am ET, the Euro was trading at 0.7847 against the
Pound, 1.2041 against the Swiss franc, 1.2286 against the U.S.
dollar and 146.56 against the Yen.
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