Meanwhile, the EUR/USD will also face scrutiny, with an ECB interest rate decision and press conference in focus.
The EUR
On Monday, German trade data could influence buyer appetite for the EUR/USD.
Recent factory orders and industrial production numbers have signaled a waning demand environment. A marked narrowing in the trade surplus may increase expectations of a German economic recession. However, the figures will unlikely immediately affect the ECB rate path. The ECB focuses on wage growth, the services sector, and inflation.
The German economy will be in focus again on Thursday and Friday. Finalized consumer (Thurs) and wholesale (Fri) inflation figures require consideration. Revisions to the preliminary German CPI numbers could impact the EUR/USD more.
While the numbers require consideration, investors should monitor comments…
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