Lates News

Analysts at Monex Europe stated in a report that the upcoming German economic sentiment data and US inflation report are expected to pose resistance to the current rebound of the euro following its fall on Monday. These analysts noted that the upcoming German ZEW survey is expected to show an improvement in economic conditions in May, as last month's readings were suppressed by the announcement of widespread US tariffs. "We still doubt whether the market can achieve the expected rebound magnitude." These analysts also stated that the upcoming data is expected to show that US inflation rates remained high in April, which could provide support for the US dollar. The euro rose by 0.2% to $1.1114. According to FactSet data, the euro hit a one-month low of $1.1066 on Monday.