The euro climbed another three-quarters of a percent yesterday against the US dollar to its strongest since the first week of April last year.
German inflation was confirmed yesterday at 7.4% annually, with a 0.8% rise in March. However, this morning we’ve seen wholesale prices in Germany (Europe’s largest economy) rising by just 0.2% in March. This equates to 2% annually, against an expected 4.4% rise, and down on February’s 8.9% rise.
Next week kicks off with more final inflation results, but the big event of the week is the ZEW Economic Sentiment Index for Germany on Tuesday.
EUR/USD past year
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