It is a busy day ahead for the EUR/USD. The French economy is in focus early in the European session. Consumer spending, Q1 GDP, and prelim inflation numbers for May will move the dial. We expect the GDP and inflation numbers to have more impact. Weaker-than-expected growth in Q1 and a pickup in inflationary pressure would question how far the ECB is willing to go to tame inflation. German unemployment figures will also draw interest ahead of prelim German inflation figures out later. We expect the inflation numbers to garner more interest. Economists forecast Germany’s annual inflation rate to accelerate from 7.2% ... (full story)