By Jeremy Boulton — Jan 06 - 02:37 AM
EUR/USD traders broadly long EUR ahead of this week's inflation data
German State CPIs from 8GMT. German CPI at 13GMT f/c -0.3% yy
Tomorrow's EZ flash HICP at 10GMT is f/c -0.2% from -0.3%
EZ retail sales data at 10GMT on Jan 7 are expected down 3.4% in Nov
Stronger EUR will be key for coming data in 2021
Trade weighted EUR rose 1% after ECB's Dec easing. Highest since Sep 2018
A further 0.25% gain would see EUR at its highest since August 2014
EUR has risen over 7% in last 12 months offsetting ECB stimulus
Trade weighted EUR Click here
Source:
Refinitiv IFR Research/Market Commentary