ZEW Economic Sentiment figures for Germany and the Eurozone will be in focus on Tuesday. Recent services PMIs from the Euro area signaled a weakening economic environment. Deteriorating sentiment toward the German and Eurozone economies could signal a Q3 2024 ECB rate cut.
However, trade data for the Eurozone also needs consideration. Upward trends in imports and exports could suggest an improving demand environment and drive buyer demand for the EUR.
On Wednesday, crucial inflation figures for the Eurozone will draw investor interest. Softer-than-expected core inflation could cement a Q3 2024 ECB rate cut.
The all-important ECB monetary policy decision and press conference will influence buyer appetite for the EUR on Thursday. Investors expect the ECB to leave interest rates unchanged. However, ECB President Christine Lagarde could signal a September rate cut. In a recent Read More