German CPI Slightly High Than Expectation

After the regional results were tabulated, Germany's preliminary CPI for December was released. The month-over-month data showed a 0.7% rise compred to the 0.6% rise expected. Similarly, the year-over-year data was 0.8% compared to the 0.7% expected. Although it's a relatively small miss, the data adds some optimism to euro traders, as inflation could push forward ECB rate hikes. EUR/USD up 59 pips to 1.4438.