The euro was mixed against other currencies despite macroeconomic data in Germany was better than expected.
Destatis reported that the German Producer Price Index rose 0.1% in July from the previous month. While the increase was marginal, it was still a better reading than no change predicted by analysts and a drop by 0.4% registered in June. Year-on-year, the index rose 1.1%. Electricity prices were the biggest contributor to the increase.
EUR/USD was up from 1.1077 to 1.1089 intraday but backed off to 1.1075 by 12:52 GMT today. EUR/GBP was up from 0.9134 to 0.9156, touching the daily high of 0.9184.
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