The $EURUSD forex price continued to consolidate ahead of important economic events and data
It was trading at 1.0548, which was a few points below this month’s high of 1.0595. Focus now shifts to the upcoming American inflation data and this week’s interest rate decisions by the Federal Reserve and the European Central Bank .The EUR/USD price was little changed as the focus shifted to important economic data. In Germany, Destatis will publish the latest consumer inflation data. Based on the last estimate, economists expect that the headline consumer inflation dropped by 0.
Therefore, economists expect the data to show that the headline consumer price index dropped from 0.4% in October to 0.3% in November. On a YoY basis, they expect that inflation dropped to 7.3% while core inflation dropped by 7.3%.
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