2014.06.2014:43:00UTC+00Eur Looks ahead to Euro Zone Inflation Data Set to be released on June 30th
Focus on the dovish US Federal Reserve helped alleviate selling pressure on the euro this week, allowing the single currency to bounce back against the US dollar and British pound.
However, the euro's recovery could prove short-lived if next week's euro zone economic data is weak enough to suggest further monetary easing from the ECB is still likely.
The euro sank to 18-month lows against sterling earlier this month after the ECB slashed interest rates and implied that more stimulus could be required.
The bigger focus though will be a look ahead to euro zone inflation data set to be released on June 30th.
The figures are central to ECB policy decisions and could therefore have a big impact on the euro.
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