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German inflation surprise hits brakes on dollar's slide - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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The euro nursed losses on Wednesday and has helped the dollar to make a strong start to 2023, after a surprise slowdown in German inflation rallied bunds and sent the common currency sliding.

The euro fell 1% overnight, its sharpest drop in more than two months, and it hovered near three-week lows at $1.0550 early in the Asia session.

Headline German CPI fell to an annual 8.6% in December, from 10% the previous month, against expectations for 9.1%.Meanwhile, shares in US car maker Tesla also plunged 12% after the company missed delivery expectations, weighing on the mood and broader Wall Street indexes.

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