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Saxony state CPI came in a bit higher...>

GERMAN DATA: Saxony state CPI came in a bit higher than expected at 0.4% M/M
(0.1% M/M previously). The national M/M print is expected to come in at 0.1%, so
it will be interesting to watch the other state CPIs throughout this morning to
see whether we are likely to get an upside surprise to the national print later.

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