On both sides of the Atlantic, attention is set on inflation data. On Thursday, Spain and Germany will release the estimated reading of March inflation and the rest of the countries and the Eurozone on Friday. In the US, the number of the week will be the Core Personal Consumption Expenditure Price Index on Friday. In addition, the US Labor Department will release the weekly Jobless Claims and the Bureau of Economic Analysis, the third estimate of Q4 GDP growth. Also, on Thursday, the European Commission will release its business and consumer surveys.
Inflation numbers will be the main focus for the next sessions unless some bank hits the wires. As the banking crisis eases, the outlook for the Euro improves. The EUR/USD bias is to the upside, but a return above 1.0900, for the moment, needs a weaker Dollar.
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