1Finance

EUR/USD suffered under pressure from the US dollar and as the German elections near. Is this just a correction after reaching new highs? Or has the rally peaked? Inflation data and PMIs stand out now. Here is an outlook for the highlights of this week.

1. CPI (final): Monday, 9:00. The numbers will likely be confirmed in the final read.
2. Bundesbank Monthly Report: Monday, 10:00. An upbeat assessment will support Chancellor Angela Merkel.
3. Current Account: Tuesday, 8:00. A slightly wider surplus of 22.3 billion is predicted.
4. German ZEW Economic Sentiment: Tuesday, 9:00. A score of 22.3 billion is projected.
5. German PPI: Wednesday, 6:00. A rise of 0.1% is forecast.
6. ECB Economic Bulletin: Thursday, 8:00. This monthly report by the European Central Bank provides insight on how they see the economic situation and price development. It is a more detailed report than the statement released after the rate decision.
7. Consumer Confidence: Thursday, 16:00. A repeat of the same score is on the cards.
8. Flash PMIs: Friday: 7:00 for France, 7:30 for Germany and 8:00 for the euro-zone.
9. Belgian NBB Business Climate: Friday, 13:00. A similar score of -2 is projected now.

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