The Euro slipped today after German inflation data. German annual rate of inflation was confirmed at 4.9% in January, easing from a 1992-high of 5.3% in the previous month. It was the first decline in consumer prices in seven months, and the lowest rate since last September. Food inflation eased to 5.0 percent in January from 6.0 percent in the previous month. On a monthly basis, the CPI rose 0.4 percent in January. Euro is quoting around 1.1400 mark right now against the US dollar after testing around one week low under 1.1380 earlier today.
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