Today at 13:00 GMT, the preliminary German Harmonized Index of Consumer Prices (HICP) data for December will be released, potentially influencing the EUR/USD currency pair. Traders are keenly watching this data, as it could provide insights into inflation trends in the Eurozone, impacting the European Central Bank's monetary policy stance.
A stronger-than-expected HICP reading may bolster the euro against the USD, pushing the exchange rate higher, while weaker data could lead to a decline in the euro. Currently, the EUR/USD is hovering around key technical levels, and the market's reaction to the HICP release could set the tone for trading in the hours following the announcement.
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Data Source: FX Killer Analysis Team Updated: 2026-01-06 11:19
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.