The EUR/USD pair could come under pressure
According to preliminary estimates, inflation in Germany, the Eurozone's leading economy, is falling faster than analysts had predicted. In April, consumer price growth slowed from 0.8% to 0.4%. Today, Eurozone inflation figures will be released. If consumer price figures for the currency union also reflect a slowdown, the ECB could put its rate hike cycle on pause. This could cause the EUR/USD pair to drop.
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