The U.S. dollar made a gain in early European trade on Thursday, but it was still under pressure.

According to data released on Wednesday, U.S. consumer prices increased 0.1% in March. This resulted in a yearly rise of 5.0%, the weakest 12-month increase since May 2021.

These figures suggest that the US Federal Reserve will most likely increase interest rates once more the following month.

US Economy Recovery Potential is Limited

Producer rates, which are anticipated to decrease from the same period last year, and jobless claims.

German inflation figures, issued earlier on Wednesday, showed the depth of the ECB’s challenges.