Monex Europe: If inflation data falls short of expectations and Lagarde sends dovish signals, the euro faces downside risk

According to a report by Golden Ten Data, Monex Europe analysts have stated that if inflation data in the eurozone falls below expectations on Wednesday and European Central Bank President Lagarde cools down expectations of interest rate hikes, the euro will face downside risks. Analysts pointed out that given weaker than expected data from Germany, France, and Italy, inflation data may fall short of expectations, and the European Central Bank will stop raising interest rates after last month's rate hike. Lagarde may confirm this view at the European Central Bank Forum held in Portugal on Wednesday.