Greece Consumer Price Index (YoY) increased to 2.6% in December from previous 2.4%

💡 DMK Insight

Greece’s CPI rising to 2.6% from 2.4% is a subtle yet significant shift for traders. This uptick could signal a tightening monetary policy from the Bank of Greece, especially if inflation continues to trend upward. For forex traders, this might mean a stronger euro against currencies like the USD, particularly if the ECB reacts to these inflationary pressures. Keep an eye on the EUR/USD pair; if it breaks above key resistance levels, it could indicate a bullish trend. On the flip side, if inflation doesn’t stabilize, it could lead to increased volatility, impacting risk assets and potentially triggering a flight to safety. Watch for any statements from the ECB or economic forecasts that could influence market sentiment. In the coming weeks, traders should monitor the EUR/USD closely, especially around the next ECB meeting. A decisive move above 1.10 could signal further strength in the euro, while a failure to maintain upward momentum might lead to a pullback.