Germany August Producer Price Index (MoM) fall 0.1%; (YoY) drop 0.5%

Oct 4, 2013

AUD/NZD digesting gains from earlier in session; 1.1383 is closing resistance

The AUD/NZD cross has been on the rise in recent days – impressive since it was the RBNZ that came out with overtly hawkish comments this week. The upside may just be a correction, though.

Germany: Producer Price Index drops in August against forecasts

On an monthly basis German PPI decreased 0.1% in August, following -0.1% in July, according to data released today by Destatis. Analysts pointed to a 0.1% rise.