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Low readings for German inflation drove the euro back to nine-day

LONDON Low readings for German inflation drove the euro back to nine-day lows against the dollar on Thursday.
“That sort of off the record briefing that came through yesterday and German inflation this morning do seem to have pulled the rug from under the euro,” said Nick Parsons, a strategist with National Australia Bank in London.
JPY=But against the euro it gained a quarter of a cent, trading as strong $1.0731 EUR= after several German states reported a slump in annual inflation to well below the ECB’s 2 percent target.
The signature of the President of the European Central Bank (ECB), Mario Draghi, is seen on the new 50 euro banknote during a presentation by the German Central Bank (Bundesbank) at its headquarters in Frankfurt, Germany, March 16, 2017.
GBP=Several ECB policymakers said on Thursday the bank should stick to its already laid out policy path.

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LONDON (Reuters) – Low readings for German inflation drove the euro back to nine-day lows against the dollar on Thursday.
But against the euro it gained a quarter of a cent, trading as strong $1.0731 after several German states reported a slump in annual inflation to well below the ECB’s 2 percent target.
“That sort of off the record briefing that came through yesterday and German inflation this morning do seem to have pulled the rug from under the euro,” said Nick Parsons, a strategist with National Australia Bank in London.
Several ECB policymakers said on Thursday the bank should stick to its already laid out policy path.
“It’s a bit soon to draw conclusions but yesterday’s ECB sources piece put a dampener on front end rates and that has weakened sentiment toward the euro somewhat,” said Citi G10 currencies strategist Josh O’Byrne.
German inflation

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FOREX-German inflation data pushes euro lower

Shutterstock photo* Euro hits 9-day low after drop in German annual inflation* Euro zone short-term rates pulled low by ECB sources report* ECB policymakers speaking on Thursday back existing guidanceBy Patrick GrahamLONDON, March 30 (Reuters) – Low readings for German inflation drove the euro back to nine-day lows against the dollar on Thursday.
GBP=Several ECB policymakers said on Thursday the bank should stick to its already laid out policy path.
JPY=But against the euro it gained a quarter of a cent, trading as strong $1.0731EUR= after several German states reported a slump in annual inflation to well below the ECB’s 2 percent target.
urn:newsml:reuters.com:*:nL3N1H54WV”It’s a bit soon to draw conclusions but yesterday’s ECB sources piece put a dampener on front end rates and that has weakened sentiment towards the euro somewhat,” said Citi G10 currencies strategist Josh O’Byrne.
“That sort of off the record briefing that came through yesterday and German inflation this morning do seem to have pulled the rug from under the euro,” said Nick Parsons, a strategist with National Australia Bank in London.
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