CPI: Friday, 9:00. The main driver of a stronger Euro is headline inflation. According to the flash release, consumer prices rose at an annual pace of 2.6% in March. This will probably confirmed now. The ECB’s target is 2%. Any change will rock the Euro. Core CPI is expected to be revised to the upside, from 1% to 1.1%, still very stable, and not reflecting “second round effects”.
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