Germany Consumer Price Index (YoY) came in at 1.9% below forecasts (2.1%) in August

Weak August regional CPI readings from Germany alerted markets to the risk that the national data (8.00ET) will undershoot expectations (unchanged M/M and 2.1% Y/Y, down from 2.3% in July), Scotiabank’s Chief FX Strategist Shaun Osborne notes.