The EUR/USD pair bounced modestly from a fresh one-month low of 1.0724 posted in the European session, currently hovering around 1.0750 ahead of Wall Street’s opening.
EUR/USD Current price: 1.0751 German inflation eased from a year earlier in March, according to preliminary estimates. United States employment-related data and Fed speakers flooding the American session. EUR/USD bounced from 1.0724, a fresh one-month low, retains the bearish stance. The US Dollar preserves its strength across the FX board but paused its rally ahead of United States employment-related data and a batch of Federal Reserve officials speakers.
Despite the revisions, the index continued to indicate economic contraction. Meanwhile, Germany published the preliminary estimate of the March Harmonized Index of Consumer Prices . Annualized inflation was 2.3% YoY, easing from 2.7% the previous month. The monthly gain was 0.6%, matching February’s reading. The US will publish February Factory Orders and JOLTS Job Openings for the same month, while multiple Fed speakers will be on the wires.
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