Elwin de Groot, Eurozone Strategist at Rabobank, suggests that following the German and French estimates, later this morning Eurostat will release the advance HICP for the Eurozone.
Key Quotes
“Core inflation may have picked up somewhat from February, and we could see a 0.1%-pt increase to 0.9% y-o-y in this initial estimate. Such a slight increase in core inflation could further underpin the EUR for the time being, keeping the EUR/USD pair trading around its current 1.133 levels, while the market will probably wait for the outcome of tomorrow’s employment report.”
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