The dollar is keeping it's new found bullish tone and it putting pressure on the euro
Eurozone CPI is up next at the top of the hour and the first reading for Feb.
We're expecting headline CPI at 2.0% vs 1.8% prior y/y, and the core unchanged at 0.9%. The core is really the important number now as it's the one the ECB is hiding behind.
Eurozone CPI & core y/y
The euro is finding it hard to get away from the strong 1.0500 level and that may be in trouble if we see CPI drop back. If we get a decent beat in the core, say over 1.0%, that might just strengthen the bottom here but we still face fighting the USD side of the trade.
EURUSD 15m chart
Also up is PPI and the unemployment rate.
