The euro has grounds to grow
The preliminary estimates show that the eurozone consumer price index gets a more significant slowdown at the end of March comparing to what analysts had been expecting. It fell to 6.9 per cent against the Bloomberg's forecast of 7.1 per cent. At the same time, the core inflation accelerated to 5.7%. This means that the period of high prices in the eurozone is far from being over. With such data, the ECB could keep on raising the interest rate. As a consequence, the EURUSD pair could get stronger.
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