EUR/USD began the new quarter with a slide but emerged as a winner, mostly due to USD weakness. The upcoming week features inflation data from Germany and some more PMIs. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD.
The important euro-zone data beat expectations, with a squeeze in deflation and upbeat German job data. This didn’t help the euro initially as the end-of-quarter adjustments favored the greenback. In the US, a week that began with some positive figures ended with a very disappointing jobs report, that cast doubts on the next moves of the Fed. What’s ahead after Easter?
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