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Eurostat will release a first flash estimate of Eurozone Harmonised Index of Consumer Prices (HICP) data for January on Thursday, February 1 at 10:00 GMT and as we get closer to the release time, here are the expectations forecast by the economists and researchers of six major banks regarding the upcoming EU inflation print.
The EUR/USD climbed on Monday, falling just short of 1.0980 before sliding back into 1.0950 in a consolidation pattern that is becoming familiar in the early stages of 2024.
The GBP/USD is bounding higher in a risk-on market session to kick off the new week as broad-market risk appetite steps up in the US market session, pushing the US Dollar (USD) down and giving the rest of the major currencies some breathing room.
The USD is right behind the JPY as the weakest
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