· EUR/USD tests record highs near 1.59 after Euro-zone CPI accelerates at fastest pace in nearly 16-years.
· ECB's hawkish bias should support EUR/USD, but recent consolidation may lead to a break lower.
· Heavy US event risk could spark the move later in the week...
Stories to watch on DailyFX
· What will move the markets this week? Check out our Top 5 Events. First up: ISM Manufacturing.
· According to recent COT data, Extreme Yen Position is Bullish for Yen Crosses.
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