Core inflation in Europe expected to inch down, moving closer to ECB projections

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The Harmonized Index of Consumer Prices (HICP), a measure of inflation for the Eurozone, will be released on Wednesday, April 3.

Eurostat is set to release key Europe inflation data on Wednesday. Headline annual inflation is seen holding steady at 2.6% in March. The European Central Bank is expected to cut rates in June. The Harmonized Index of Consumer Prices , a measure of inflation for the Eurozone, will be released on Wednesday, April 3.

Heading into the highly-anticipated inflation release from Europe, the Euro is struggling below the round milestone of 1.0800 against the US Dollar , as investors continue to assess the likelihood of the start of the easing cycle by the Federal Reserve in June. According to Pablo Piovano, Senior Analyst at FXStreet, “Looking ahead, the EUR/USD is anticipated to encounter initial resistance at the key 200-day SMA at 1.0833.

 

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