The euro is at risk of further falls if Wednesday's eurozone inflation data are lower than expected and European Central Bank President Christine Lagarde dampens expectations for further interest rate rises, Monex Europe analysts say. The inflation data are likely to miss expectations given softer-than-expected prints from Germany, France and Italy, they say in a note. This could reinforce the case that the ECB is "one and done" after last month's rate increase, they say. Largarde could also validate this argument at the ECB's forum in Sintra, Portugal Wednesday. The euro falls 0.2% to $1.1400. (renae.dyer@wsj.com)
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Euro Could Fall Further if Inflation Data, ECB's Lagarde Reduce Rate-Rise Bets — Market Talk
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The euro is at risk of further falls if Wednesday's eurozone inflation data are lower than expected and European Central Bank President Christine Lagarde dampens expectations for further interest rate rises, Monex Europe analysts say. The inflation data are likely to miss expectations given softer…