Analyst: German economic data and US inflation reports may hinder the Euro rebound.

Analysts at Monex Europe stated in a report that upcoming German economic sentiment data and US inflation reports pose resistance to the current rebound of the euro after it fell on Monday. These analysts said that the upcoming German ZEW survey is expected to show an improvement in economic conditions in May, as last month's reading was suppressed due to the widespread imposition of tariffs by the US. "We still doubt whether the market can achieve the expected rebound magnitude." These analysts also said that the upcoming data is expected to show that US inflation rates remained high in April, which could provide support for the dollar. The euro rose by 0.2% to $1.1114. According to FactSet data, the euro hit a one-month low of $1.1066 on Monday.