EUR/USD ignores hawkish ECB versus softer US inflation play to retreat towards 1.0960 support – by anilpanchal7 EURUSD ECB Fed Inflation RiskAversion
Recently mixed EU, German data raise doubts on hawkish ECB commentary.US PPI, second-tier data eyed for clear directions on Euro moves.takes offers to refresh the intraday low around 1.0970 as it pares the previous day’s rebound from the weekly low heading into Thursday’s European session.
Alternatively, the final reading of Germany’s headline inflation gauge, namely the Harmonized Index of Consumer Prices for April, confirmed the initial estimations of 7.6% YoY versus 7.8% marked in March.
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