Producer prices in Germany remained unchanged in July, the euro is rising along with the yuan

Producer prices in Germany remained unchanged in July, said this morning Destatis. However analysts on average forecast growth of this indicator on 0,3%. A smaller-than-expected inflationary pressures may reflect the reluctance of producers to raise prices in the struggle for the consumer market. Annual inflation up in July slowed to 3,2% from 3,7% in June, both of these values slightly below the average growth rate before the crisis, held by 4.0%, but still represent a very normal growth.
One is the currency continued to rise this morning, had already reached the mark of 1.3140. In many respects, such a positive attitude resulted in the fall to a minimum of five pairs of dollar / yuan when the couple was released in a more or less free floating. The simultaneous growth of sites and the continuing fall in the yen only reinforce the effect. Euro / yen traded at 112.80 already with that only on Tuesday showed at least 106.76. For the euro / dollar immediate resistance is seen only 1.3220, but is unlikely couple stops at this level. Geithner, "preparation" to someone's arrival in China and contributed to the growth of the RMB has not arrived yet.

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