Forex: Steady and as expected Consumer Price Index figures for Germany

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Consumer Price Index figures for the month of March have been announced in Germany. The 2.1% announced figure was identical to the previous reading of February and was also expected by the market. Following the announcement at 15:00 GMT the EURUSD pair did not demonstrate any significant volatility or develop any pike points.

The consumer price index measures the average price change for all consumption purposed goods and services purchased by households. It is considered as the main inflation indicator and also is used to determine changes in purchasing trends. A high value is usually associated with hawkish behavior for the Euro. The EURUSD pair is currently traded at 1.4086.