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2014.06.2014:43:00UTC+00Eur Looks ahead to Euro Zone Inflation Data Set to be released on June 30th

  • Focus on the dovish US Federal Reserve helped alleviate selling pressure on the euro this week, allowing the single currency to bounce back against the US dollar and British pound. 
  • However, the euro's recovery could prove short-lived if next week's euro zone economic data is weak enough to suggest further monetary easing from the ECB is still likely. 
  • The euro sank to 18-month lows against sterling earlier this month after the ECB slashed interest rates and implied that more stimulus could be required. 
  • The bigger focus though will be a look ahead to euro zone inflation data set to be released on June 30th. 
  • The figures are central to ECB policy decisions and could therefore have a big impact on the euro.

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