The euro will be watching retail sales and inflation closely today

Inflation and retail sales top the European data card today

Germany kicks of the EU data in a mo with retail sales for Feb. We also get further inflation data including the flash March numbers from the Eurozone. With German inflation taking a sizeable drop yesterday, the market is probably scaling in something a bit worse than the 1.8% expected (2.0% in Feb). Anything around 1.6% or worse is going to see the Euro soften.

At the moment 1.0670 is the main support.

The euro will be watching retail sales and inflation closely today
The euro will be watching retail sales and inflation closely today
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