German Inflation Hits Expectations: EUR/USD Remains Calm Amid Market Wait-and-See
German inflation data for May 2024 matched expectations with CPI at 2.4 percent year-on-year and only minor month-to-month changes. EUR/USD showed limited reaction as markets had already priced in the figures. Attention now shifts to upcoming ECB and Federal Reserve decisions to guide forex movements. Read the full analysis by XTB at https://www.xtb.com/int/market-analysis/news-and-research/inflation-in-germany-in-line-with-expectations-eurusd-with-limited-reaction
