EURUSD. Key event – Eurozone Retail Sales report (April 5th 12:00 GMT +3)
Retail Sales report has a massive impact on inflation. EU CPI data was published last week and year-over-year inflation remains in the negative area and that is very bad. It is expected that this month the numbers will decrease again and if the actual results are the same as the forecast – it will have a negative impact on European currency:
What is more, Eurozone PPI (Producer Price Index) data will be published this week as well. It shows how the commodity prices influence the final prices for customers.
If the numbers decrease it might have a negative impact on CPI:
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