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EUR/USD slips as DAX gains after German inflation falls more than forecast
A short while ago a whole batch of regional German inflation data was released and it was all below estimates and that news has helped to lift the DAX even more. The index has now reversed an earlier slight dip to below 18,500 and jumped to fresh record highs a few moments ago. At the same time, the EUR/USD has rejected a potential rebound above 1.0750 (for now) after that data supported the outlook for the ECB to lower rates before the Fed. The slightly higher revisions to French and German PMI data that was also released had pushed the Euro a little higher, but this inflation data from Germany seems to have thwarted that move for the time being. The DAX just now lifted close to 18,575. It has backed off a bit now, currently trading around 18,540
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