Epic Research Singapore : Forex Market Update

The U.S. dollar rose against the euro Tuesday after a softer-than-expected reading on German inflation added to growing concern about the euro zone’s low inflation, which could prompt further easing from the European Central Bank if it persists.

The euro EURUSD -0.03%  fell to $1.3809 from $1.3851 late Monday. A preliminary reading on German HICP inflation showed an increase of 1.1% in April, missing estimates of a 1.3% rise in inflation. An overall euro-zone inflation reading is due Wednesday. 





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