The euro advanced today against the US dollar and the Japanese yen after data showed that German consumer inflation accelerated this month. The currency was unable to beat the strong performance of the Great Britain pound.
The German Consumer Price Index rose 0.2 percent in November, according the preliminary estimate, after falling by the same rate in October. An increase by 0.1 percent was predicted by analysts. Annual inflation was at 1.3 percent, a bit higher than in the previous month.
Another helpful factor for the euro was improving German employment figures. Still, it did not allow the shared 17-nation currency to outperform the sterling, which was very strong on signs of stable growth.
EUR/USD advanced from 1.3578 to 1.3598 as of 16:33 GMT today. EUR/JPY was up from 138.70 to 139.02, touching the highest rate since June 2009. At the same time, EUR/GBP declined from 0.8335 to 0.8320.
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