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German Inflation Surprisingly Lower
The euro fell to a three-week low against the dollar on Friday, with investors mindful of strong rhetoric from European Central Bank officials about its recent strength and awaiting German inflation data that could undermine it further. Slightly soft Spanish inflation numbers put pressure on the euro, with more sellers likely to line up if the German data, due at 1300 GMT, underlines concerns about below-par inflation across Europe's largest economy, traders said. That will keep alive the risk of a lower overall euro zone inflation reading for March on Monday, and bolster the chances that the ECB will act to ward off ... (full story)