Investing.com — The euro fell to its lowest since May 2017 against the dollar after another raft of weak inflation data – notably from Germany – bolstered speculation on more aggressive moves by the European Central Bank to support the euro zone economy. According to preliminary data, German inflation fell to an annual rate of 1.2% in September from 1.4% in August. The harmonized EU measure of inflation fell to an even lower 0.9%
- EUR/USD falls as low as $1.0885 from $1.0912 immediately before the data
- German 10-year Bund yield falls to -0.57%
- Earlier data had shown a surprising 10k fall in seasonally-adjusted jobless in Germany
- Italian jobless numbers had also fallen in September, but more due to discouraged jobseekers leaving the workforce.