German CPI data might be euro supportive – KBC

FXStreet (Barcelona) - The KBC Bank Research Team previews today’s data releases in Germany and Europe, and view that a positive number might support euro to advance in the near-term.

Key Quotes

“Today, the march German CPI and the confidence indicators from the European Commission will be published. German inflation is expected to move back in positive territory (0.1% Y/Y from -0.1% Y/Y) and confidence is expected to improve further. The data might be slightly euro supportive, but as they won’t change expectations on the ECB action going forward, no substantial market reaction is expected.”