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Euro Price Forecast: German CPI Boosts EUR/USD Ahead of NFP and the ECB’s Christine Lagarde

March 10, 2023

Via: DailyFX

The euro gathered some support this Friday morning with a marginally weaker USD and better than expected German CPI data (see economic calendar below). Although actual numbers printed in line with forecasts, the 8.7% figure highlights the elevated and stubborn inflationary pressures in Germany. With Germany being the largest economy within the eurozone, the inflation release acts as a proxy for the broader region, adding to hawkish sentiments from the European Central Bank (ECB).

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