- EUR/USD climbs to fresh monthly highs above 1.1000.
- Final CPI in Germany matched the preliminary readings in March.
- US Producer Prices, Initial Claims take centre stage later in the session.
Further upside motivates EUR/USD to trespass the key 1.1000 barrier and print new monthly highs on Thursday.
- EUR/USD climbs to fresh monthly highs above 1.1000.
- Final CPI in Germany matched the preliminary readings in March.
- US Producer Prices, Initial Claims take centre stage later in the session.
Further upside motivates EUR/USD to trespass the key 1.1000 barrier and print new monthly highs on Thursday.
EUR/USD now targets the 2023 peak at 1.1032
EUR/USD advances for the third session in a row and continues to challenge the key 1.1000 neighbourhood so far on Thursday, always amidst the persistent weakness in the greenback and the generalized upbeat mood in the risk-linked space.
In the meantime, hawkish narrative from ECB policymakers continue to lend legs to the pair’s ongoing recovery against the backdrop of divided opinions regarding the size of the next interest rate hike at the May gathering.
In the docket, final inflation figures in Germany showed the CPI rose 7.4% in the year to March and 0.8% vs. the previous month. Later in the session, EMU Industrial Production is due, while weekly Claims and Producer Prices will be in the limelight in the US calendar.
EUR/USD advances for the third session in a row and continues to challenge the key 1.1000 neighbourhood so far on Thursday, always amidst the persistent weakness in the greenback and the generalized upbeat mood in the risk-linked space.
In the meantime, hawkish narrative from ECB policymakers continue to lend legs to the pair’s ongoing recovery against the backdrop of divided opinions regarding the size of the next interest rate hike at the May gathering.
In the docket, final inflation figures in Germany showed the CPI rose 7.4% in the year to March and 0.8% vs. the previous month. Later in the session, EMU Industrial Production is due, while weekly Claims and Producer Prices will be in the limelight in the US calendar.
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