In November 2018, the French Consumer Prices Index (CPI) plunged by 0.2% over a month, after a 0.1% rise in October. As per the INSEE report, this downturn occurred in services prices (−0.3% after a stability in October) and in energy prices (−0.7% after +1.8%).

On the other hand, consumer prices in Germany were 2.3% higher in November 2018 than in November 2017.

The EUR/USD ticks up as German economic events do play a role in the Euro’s evaluation.