EUR/USD now looks at US data EUR/USD keeps the choppy price action well and sound so far this week amidst an equally vacillating performance in the greenback, while yields on both sides of the ocean now give away some gains and investors continue to monitor messages from both the ECB and the Fed. On the latter, ECB’s Vice-President De Guindos suggested earlier that headline inflation should fall below 6% at some point in mid-year, at the time when he reiterated that decisions on future rate hikes will remain data-dependent and that the economy of the region is doing better than expected. His colleague Vasle left the door open to further rate raises after the March event, a view shared by Board member Müller. In addition, Müller was unable to predict how far up rates may go. In the domestic calendar, final figures saw Services PMI in Germany and the broader Euroland at 50.9 and 52.7, respectively, for the month of February. In addition, Producer Prices in the euro area contracted 2.8% MoM in January and rose 15% from a year earlier and earlier data saw Germany’s trade surplus widen to €16.7B in January.