German final CPI rose 7.4% YoY, 0.8% MoM in April.The single currency regains some composure and liftsEUR/USD resumes the upside and leaves behind Tuesday’s downtick, although the bullish attempt once again bumped against the 1.0570/80 resistance area.
Data wise, German final CPI rose 7.4% YoY and 0.8% MoM in April. Across the pond, weekly Mortgage Applications are due in the first turn seconded by key inflation figures gauged by the CPI for the month of April.EUR/USD revisits the 1.0570/80 band following the absence of upside traction in the greenback on Wednesday. The outlook for the pair still points to the bearish side, always in response to dollar dynamics, geopolitical concerns and the Fed-ECB divergence.
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