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US dollar declines again

US dollar declines again

EUR / USD The euro was moving sideways during volatile trading on Wednesday and almost did not change today. Now the price is hovering around 1.2125. In Germany, the consumer price index rose 0.8% month-on-month in January, as expected. Industrial production in France fell 0.8% month-on-month in December. The consensus was a 0.2% increase. Published January data on the consumer price index in Germany were positive. The growth of inflation is facilitated by the end of the period of temporary reduction of the value added tax by the German government and the increase in food prices in December. However, inflation is still far from target levels. Euro growth is hampered by the intention of the German authorities to extend national isolation until March 14 due to fears of the spread of new, more infectious strains of the coronavirus ….

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