• EUR/USD consolidates as markets await key US data.
• US Durable Goods Orders declined more than expected.
• US GDP on Wednesday, German CPI inflation on Thursday.

EUR/USD remains strung along the middle near 1.0850 after Tuesday brought little to push the pair in either direction after US Durable Goods Orders declined further than forecast in January. Markets await the latest Gross Domestic Product (GDP) figures from the US on Wednesday.

German Retail Sales and Consumer Price Index (CPI) inflation is slated for Thursday, followed by the US Personal Consumption Expenditure Price Index (PCE) inflation print. 

Daily digest market movers: EUR/USD drifts ahead of GDP and inflation figures

• US Durable Goods Orders printed at -6.1% in January, down from the -4.5% forecast compared to the previous month’s -0.3%.
• Germany’s Gfk Consumer Confidence Survey for March came in at the expected -29.0, recovering slightly from the revised previous -29.6.
• US GDP is expected to remain at 3.3% for the annualized fourth quarter on Wednesday.
• Thursday’s German Retail Sales are forecast to print at -1.5% versus the previous -1.7%.
• Germany’s CPI inflation for the year ended February is expected to print at 2.6% versus the previous 2.9%.
• US Core PCE inflation is expected to decrease slightly to 2.8% from the previous 2.9%.