The Euro is set to end Wednesday’s session with minuscule losses against the Greenback, dropping 0.04% after the latest US inflation report showed that the core Consumer Price Index (CPI) stalled in August.
EUR/USD dips after US Core CPI rises 0.3% MoM, reinforcing Fed rate cut expectations of 25 bps. ECB expected to cut rates by 25 bps this week amid slowing EU economic data and Germany’s inflation drop to 1.9% YoY. ECB ’s post-September monetary policy decisions could become more complex as inflation components remain sticky. The Euro is set to end Wednesday’s session with minuscule losses against the Greenback, dropping 0.
Regarding forward guidance, sources cited by Reuters noted that the ECB’s monetary policy decisions after September would be more complicated. Across the pond, the US economic docket will feature the release of the latest Initial Jobless Claims report for the week ending September 7, along with the release of the Producer Price Index . EUR/USD Price Forecast: Technical outlook The EUR/USD is neutrally biased, though it remains above the 1.1000 figure, which is ahead of the ECB’s decision.
Majors Fundamental Analysis Technical Analysis ECB
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD Forecast: EUR/USD pressures 1.1000 after disappointing US CPIThe EUR/USD pair heads into the United States (US) opening trading near a fresh four-week low of 1.1002, as the US Dollar surged following the release of Consumer Price Index (CPI) figures.
Read more »
EUR/USD Forecast: EUR/USD gaining bearish traction near 1.1000The EUR/USD pair is pressured, trading near its daily low at 1.1027.
Read more »
EUR/USD Forecast: EUR/USD poised to extend decline towards 1.1000The EUR/USD pair eased towards 1.1035 during European trading hours, as the Euro got hit by poor local data fueling concerns about the Eurozone’s economic performance.
Read more »
EUR/USD trades around 1.1050 after halting a three-day losing streak, US CPI eyedEUR/USD breaks its three-day losing streak, trading around 1.1050 during Wednesday’s Asian session.
Read more »
EUR/USD: Here's How to Trade the Pair in Light of Key US CPI ReportForex Analysis by Fawad Razaqzada covering: EUR/USD. Read Fawad Razaqzada's latest article on Investing.com
Read more »
EUR/USD holds below 1.1000 ahead of Eurozone GDP, US CPI dataThe EUR/USD pair trades on a flat note near 1.0995 during the early European session on Wednesday.
Read more »