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German Wholesale Price Index

Written July 10, 2009 at 2:04 AM EST by Vincent Facchino 

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German WPI m/m came in at 0.9% , stronger than the expected and prior reading of 0.1%.

Y/Y came in at -8.8%, better than the prior reading of -8.9%.

This should be a positive number for the Euro, as we see it bounce off its worst levels of session trading up about 10 pips at 1.3966.

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