Euro nudges a little lower after the data releases ...Middle East

The German states' CPI figures here were a bit of a mixed bag. But at the balance, it should translate to a national reading of around 2.2% to 2.3% for headline annual inflation. That will sit more or less in line with estimates, though a touch on the softer side. In any case, the core reading is what will matter more in the report later.Besides that, we also got some softer lending data from the euro area here. The good news there is that at least the first rate cut is coming, so that might help borrowers in that regard.Going back to the euro, the data doesn't really change much on what we should expect from the ECB. And it sure doesn't tell us much of what else to expect after June, at lea

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