German, Spanish inflation on the agenda in Europe today

<p>A summary of headlines concerning the dollar right now:</p><ul><li><a href="https://www.forexlive.com/news/us-dollar-decline-accelerates-as-waller-takes-a-dovish-turn-20231128/" target="_blank" rel="follow">US dollar decline accelerates as Waller takes a dovish turn</a></li><li><a href="https://www.forexlive.com/centralbank/us-treasuries-yields-slammed-lower-in-asia-2-yr-to-a-4-month-low-20231129/" target="_blank" rel="follow">US Treasuries yields slammed lower in Asia. 2 yr to a 4 month low</a></li><li><a href="https://www.forexlive.com/news/the-bond-market-hints-at-more-pain-to-come-for-the-dollar-20231129/" target="_blank" rel="follow">The bond market hints at more pain to come for the dollar</a></li></ul><p>And after calling for a top in bond yields, <a href="https://www.forexlive.com/centralbank/hedge-fund-chief-bill-ackman-says-federal-reserve-will-cut-rates-sooner-than-expected-20231128/" target="_blank" rel="follow">guess who</a> is now calling for earlier than expected Fed rate cuts? That is certainly getting markets to listen and we are seeing a further retreat in Treasury yields today. That will be the main focus in the session ahead, with the dollar weakness also in the spotlight.</p><p>As for European trading, the two main data releases will be the German and Spanish consumer price inflation reports. For the former, there will be state readings that will come before. German inflation should see price pressures ease further on the month but Spanish inflation is expected to trend a little higher, although the core reading might still show signs of subsiding.</p><p>That will keep the euro interested as well in European morning trade, alongside the continued focus on the bond market and the dollar.</p><p>0700 GMT – Germany October import price index0800 GMT – Spain November preliminary CPI figures0900 GMT – Switzerland November Credit Suisse investor sentiment0930 GMT – UK October mortgage approvals, credit data1000 GMT – Eurozone November final consumer confidence1000 GMT – Eurozone November economic, industrial, services confidence1200 GMT – US MBA mortgage applications w.e. 24 November1300 GMT – Germany November preliminary CPI figures</p><p>That's all for the session ahead. I wish you all the best of days to come and good luck with your trading! Stay safe out there.</p>

This article was written by Justin Low at www.forexlive.com.