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Dollar May Rise as Panic Strikes the Markets on US Inflation Data
Fourth-quarter German GDP figures headline the economic calendar in European hours. They are expected to show that growth slowed, with output in the Eurozone’s top economy adding 0.6 percent. That is down from the 0.8 percent gain in the prior period. A revised set of analogous data for the entire currency bloc is seen confirming flash forecasts showing a mild slowdown in the last three months of the year. Broadly speaking, realized Eurozone data outcomes have increasingly deteriorated relative to consensus forecasts in recent months. That opens the door for a downside surprise that cools bets on a further ... (full story)