Ella 
EUR/USD rose slightly on Monday, starting to climb from around 1.0770, but the bullish momentum is still limited, and EUR/USD has difficulty breaking through the 1.0800 mark.
The final value of the German Harmonized Index of Consumer Prices (HICP) inflation will be released during the European session, but unless the inflation data is later adjusted from the initial value, the final value of secondary data inflation is unlikely to drive market volatility. Europe’s first-quarter gross domestic product (GDP) growth will be released on Wednesday, with markets expecting the quarterly GDP rate to stabilize at 0.3%.
A survey by the Federal Reserve Bank of New York (Fed) showed that U.S. consumer inflation expectations rose in April. According to the New York Fed Consumer Sentiment Survey, U.S. consumers generally expect inflation to accelerate to 3.3% in the next year. Consumers’ one-year inflation expectations will rise after recording 3.0% in March.
The U.S. producer price index (PPI) inflation data will be released during the U.S. market on Tuesday. Investors expect the monthly producer-level inflation rate in April to rise to 0.3% from 0.2% in the previous month.
