The euro is likely to remain weak against the greenback in the next few days even despite the eurozone inflation report, that may show a significant increase. Acceleration in the eurozone inflation could have been caused by higher energy prices. That is why most analysts suppose that this report will hardly influence the ECB's monetary policy.

At the same time, on April 2, the US will publish its non-farm employment data. This report could become a significant driver for the euro's growth. In case of positive figures, the Fed may reduce its asset-purchasing program. The report is likely to affect inflation and market policy expectations as well as the US dollar price.

On Tuesday, the US dollar index climbed above 93.00 surpassing the 200 MA. If there are no obstacles from the technical point of view, the indicator may jump to 93.6-94.0.

The greenback's confident rise could be explained by the fact that market participants are pricing in the possibility of higher inflation, expecting that the monetary policy tightening will take place quite soon.

At the same time, some experts foresee a short-lived rise in the US dollar as there is no proof that consumer prices will advance for a long period of time.

The US non-farm employment data will determine the future stance of the Fed's monetary policy and the US dollar trend. The US currency is likely to be in demand until this time. That is why the euro/dollar pair may continue losing in value during this week.