A busy week for Eurozone data starting today with the release of the “flash” inflation figure for March which is expected to show a fall to 0.6%. This will obviously be of concern to the European Central Bank (ECB). Tomorrow we will see the release of the Manufacturing Purchasing Managers’ Index (PMI) and unemployment data for the Eurozone. These are then followed on Wednesday by the Services Purchasing Managers’ Index and retail sales figures..
The big event of the week is likely to be the interest decision published by the European Central Bank (ECB) on Thursday. Although worries about possible deflation and the speed of the recovery in certain Eurozone countries, any change by the ECB on Thursday is considered unlikely. So any different outcome will have a significant effect on the euro.
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