EUR/USD eased back on Monday, dropping away from 1.0950 as investors gear up for Tuesday’s US Consumer Price Index (CPI) inflation.
EUR/USD trimmed last week’s gains, falling away from 1.0950. Markets are gearing up for Tuesday’s US CPI inflation print. Germany final CPI is expected to match preliminary prints. EUR/USD eased back on Monday, dropping away from 1.0950 as investors gear up for Tuesday’s US Consumer Price Index inflation. Germany’s final CPI inflation print early Tuesday is not expected to deviate meaningfully from preliminary figures.
US CPI Preview: Forecasts from 10 major banks, inflation still too high Germany’s final CPI inflation print is expected to match the preliminary print, with Yoy German CPI inflation expected to come in at 2.5% in February. Germany’s Harmonized Index of Consumer Prices is also expected to hold steady at 2.7% for the year ended in February. EUR/USD technical outlook EUR/USD is capped in the near-term by last Friday’s rise into 1.0980, but the pair shed weight back below 1.
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