Market Updates: German Retail Sales Slips to -0.3%, What’s Next?
The EUR/USD continues to trade at $1.13883, showing a muted response to the French Consumer Price Index.
Arslan Butt•Friday, November 30, 2018•1 min read
The Consumer Price Index (CPI) slowed down by -0.3% in November 2018, after a +0.1% rise in October. The drop in inflation should come from a deceleration in the prices of services, energy, food and tobacco. Anyhow, the EUR/USD continues to trade at $1.13883, showing a muted response.
For now, all eyes remain on the Eurozone CPI Flash Estimate y/y which is due at 11:00 (GMT).
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ABOUT THE AUTHOR
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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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