EUR/USD: Inflation data might support the Euro this week – Commerzbank EURUSD Inflation Eurozone Banks
. An upside surprise on the core inflation rate could lift the Euro, economists at Commerzbank report.“Whereas the headline rate is likely to have fallen in February, core inflation is likely to have remained stubborn. The ECB had underlined repeatedly that it is keeping a particular eye on the development of core inflation as the underlying price rises are relevant for the ECB.”and following yesterday’s appreciation against USD, the Euro might receive further appreciation momentum.
“For the time being, however, the USD side should be able to stand its ground so that scope for higher EUR/USD levels should be limited at present.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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