EUR/USD: An acceleration to 1.1000 will most likely depend on US CPI, if not Retail Sales – SocGen

Market news

11 March 2024

EUR/USD: An acceleration to 1.1000 will most likely depend on US CPI, if not Retail Sales – SocGen

For the week ahead, investors chasing a rally in EUR/USD above 1.1000 will brace for US Consumer Price Index (CPI) report and US Retail Sales, economists at Société Générale say

Path to 1.1000 for EUR/USD?

For EUR/USD, an acceleration to 1.1000 will most likely depend on US CPI, if not Retail Sales.

For GBP/USD, the break of 1.2865 is technically relevant and brings 1.3000 into play. United Kingdom wage data on Tuesday will be a crucial input for the Bank of England (BoE).

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