Eur usd rate 2017: Strong Inflation Data Puts a Floor Under EUR/USD but Strategists Look for Further Declines

“Eye-catching headlines, but nothing that markets weren’t prepared for given this week’s advance data from the major EZ economies. The leap in the core rate is startling, but it’s heavily distorted by the Easter effect,” says Claus Vistesen, chief Eurozone economist at Pantheon Macroeconomics . “This kind of volatility is normal around shifts in the timing of Easter, but the effect has increased in Germany this year given the change in the methodology of the package holiday CPI that was implemented in January.”

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