EURUSD caught a bid following German CPI release. Inflation in Europe's biggest economy accelerated from 0.6% YoY to 0.9% YoY in June while the market expected it to stay unchanged. Euro benefits from the release while stock markets see almost no reaction. In theory rising inflation leaves less room for monetary easing and, in turn, can be seen as bad for stocks in the current environment.
Upward move on EURUSD accelerated after a solid German CPI print. The main currency pair is approaching a short-term downward trendline. Source: xStation5
Economic calendar: inflation from Canada and GDP from Switzerland 🔎
Morning wrap (17.11.2025)
Daily summary: Wall Street tries to stop the sell-off 📌Gold down 1.8%, Bitcoin loses 4.5%
BREAKING: Canadian Wholesale & Manufacturing Sales higher than expected 📊USDCAD reacts