EUR/USD: Pushing to 1.0900
Today, market analysts will be closely observing the preliminary inflation readings for March in Germany and Spain.
The first readings of the Consumer Price Index (CPI) are in the spotlight. The German figures are expected to garner greater interest, with a projected deceleration from 8.7% to 7.3% in the headline rate. The Spanish numbers have recently triggered some market fluctuations, and experts predict a flat core rate of 7.6%, but a significant deceleration in headline inflation from 6.0% to 3.7%.
As the European Central Bank remains explicitly data-dependent, despite an implicit hawkish bias, this week's inflation figures are likely to significantly influence the market's rate expectations.
The first readings of the Consumer Price Index (CPI) are in the spotlight. The German figures are expected to garner greater interest, with a projected deceleration from 8.7% to 7.3% in the headline rate. The Spanish numbers have recently triggered some market fluctuations, and experts predict a flat core rate of 7.6%, but a significant deceleration in headline inflation from 6.0% to 3.7%.
As the European Central Bank remains explicitly data-dependent, despite an implicit hawkish bias, this week's inflation figures are likely to significantly influence the market's rate expectations.
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