Growth of Euro Goes On
The euro has grown a bit. The euro/dollar pair is trading at 1.1430 level. The final consumer price index (CPI) of Germany published a profit of 0.2%, according to the forecast.
Today, the US will publish a producer price index (PPI), which is expected to remain at 0.0%. On Friday, the US produces data on the consumer price index and retail sales, so traders should be ready for some movement from the EUR/USD pair.
The inflation rates in Germany and the Eurozone remain well below the ECB target of 2%. Analysts suggest that the ECB will not change its monetary policy so long as the level of inflation in the Eurozone remains low.