image credit: Adobe Stock

EUR/USD Forecast: Euro Ekes Out Marginal Gains Ahead of US CPI

May 11, 2022

Via: DailyFX

Earlier this morning, German inflation data (see economic calendar below) for April printed in line with forecasts at 7.4% thus continuing its incremental rise for 2022. German data often acts as a barometer for the EU region leaving the ECB comments scheduled later today open to a more hawkish tone. EUR/USD reacted positively with slight gains however, market participants remain apprehensive as we near the U.S. CPI release.

Read More on DailyFX