Euro Ticks Up After Germany's Sept. Wholesale Price Index

Euro Ticks Up After Germany's Sept. Wholesale Price Index

Following the release of the German wholesale price index for September at 2:00 am ET Wednesday, the euro drifted higher against its major rivals. As of 2:02 am ET, the single currency was trading at 100.65 against the yen, 0.8045 against the pound, 1.2112 against the Swiss franc and 1.2865 against the dollar.

The German wholesale price index rose 1.3 percent on month and 4.2 percent on year in September. Both figures exceeded previous month's figures and economists' expectations. In August, wholesale price index rose 1.1 percent on month and 3.1 percent on year.