Eurostat, the statistical office of the European Union, has published recent data indicating that the euro area’s annual inflation rate dropped from 8.5% in February 2023 to 6.9% in March.
It also showed that the annual inflation rate of the European Union decreased from 9.9% in February to 8.3% in March.
And today, the EU economic calendar is full of releases from France and Germany and inevitably EURUSD will face volatility and traders will be taking advantage on UP and Down price movements.
If the reports show that consumer confidence in Europe is lower than expected, it could hurt the Euro and move down the EURUSD pair.
