However, the US economic indicators on Friday will likely dictate the dollar trajectory ahead of the US Jobs report. The Core PCE Price Index, personal income, and personal spending will give the markets a lay of the land vis-à-vis consumption and demand-driven inflation.
Beyond the numbers, Fed speakers will also influence the dollar. Investors will likely react to hints of the Fed planning to hit the policy brakes.
For the EUR:
The German economy will be in focus early in the week, which could put more pressure on the EUR. German business and consumer confidence figures will draw investor interest on Monday and Tuesday.
A slide in the Ifo Business Climate Index would reinforce the gloomy economic environment and raise concerns over labor market conditions. Deteriorating labor market conditions will likely weigh on the GfK Consumer Climate Index. A slide in…
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