{"id":96482,"date":"2024-02-06T01:52:25","date_gmt":"2024-02-05T21:52:25","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=96482"},"modified":"2024-02-06T01:53:27","modified_gmt":"2024-02-05T21:53:27","slug":"eur-usd-extends-recent-decline-after-german-data","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/eur-usd-extends-recent-decline-after-german-data\/02\/06\/market-updates\/","title":{"rendered":"EUR\/USD extends recent decline after German data"},"content":{"rendered":"\n<p>The EUR\/USD pair fell by half a percent on Monday, reaching 12-week lows near 1.0723. The OECD predicts pan-European inflation will remain above the 2% level set by the European Central Bank until after 2025, reducing investor confidence. <br><br>The Euro&#8217;s trade balance rose to \u20ac22.2 billion after German imports fell 6.7% in December, compared to the forecast -1.5%. The HCOB Composite Purchasing Manager&#8217;s Index (PMI) also fell, reaching 47.0 versus the forecast steady hold at 47.1. <br><br>The pan-European Producer Price Index (PPI) also declined, reaching -10.6% versus the forecast -10.5%. December&#8217;s euro area retail sales are forecast to slightly increase to -0.9%, while MoM Retail Sales are expected to see accelerated declines of -1.0%. <br><br>The ECB&#8217;s latest Economic Bulletin is expected on Thursday, with investors looking for tonal shifts regarding interest rate cuts. Germany&#8217;s HICP inflation for January is forecast to hold steady at 3.1%.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EUR\/USD pair fell by half a percent on Monday, reaching 12-week lows near 1.0723. The OECD predicts pan-European inflation will remain above the 2% level set by the European Central Bank until after 2025, reducing investor confidence. The Euro&#8217;s trade balance rose to \u20ac22.2 billion after German imports fell 6.7% in December, compared to &hellip;<\/p>\n","protected":false},"author":13,"featured_media":94971,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6923,10896,6987],"class_list":["post-96482","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-ecb","tag-german-imports","tag-inflation"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/96482","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=96482"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/96482\/revisions"}],"predecessor-version":[{"id":96491,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/96482\/revisions\/96491"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/94971"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=96482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=96482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=96482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}