German CPI lower with ECB stimulus impact not apparent

Source: Bloomberg
German inflation fell reinforcing the signs that ECB's stimulus will not affect the region right away. The CPI declined by 0.2% to 0.8% in July compared to June's data. As the ECB has already announced the measures to avoid deflation and reach the inflation goal of 2% these news could only lead to further boosts to the economy.
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Thu, 31 Jul 2014 06:04:14 GMT

US Dollar climbed versus the Canadian Dollar

The greenback increased to its highest value in one-and-a-half months against the Canadian Dollar due to solid US gross domestic product growth and employment change. The pair hit 1.0894, the highest since in one-and-a-half months, and proceeded to consolidate at 1.0892, representing a 0.36% increase.

Thu, 31 Jul 2014 05:42:14 GMT

Euro reaches eight-month low

Euro fell to an eight-month low on Wednesday and was trading at 1.3395 against the Dollar. The fall has come as a bit of a surprise with Spain's promising GDP growth numbers. However, with the US recovery going a lot better than the EU's it might just show the strength of the Greenback. Meanwhile, the European stocks also fell due to recent sanctions against Russia.

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