"German Inflation Continues to Decline, Reflecting Ongoing Disinflationary Trend in EU"

German inflation dropped to 3.2% in November, continuing the disinflationary trend. EU inflation data is expected to show further decline, with markets pricing in rate cuts in 2024. The European economy's lack of resilience compared to the US could accelerate economic headwinds, posing a threat to the Euro. The upward revision to US GDP growth overshadowed the inflation data, causing a pullback in the EUR/USD pair.