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

Sep 30, 2019

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- 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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