The EUR/USD pair keeps trading lifeless, although it has managed to marginally uplift the range.
EUR/USD Current price: 1.0803 German upbeat data fell short of boosting the Euro. Hotter than anticipated, US inflation figures hit the Greenback. EUR/USD gains upward traction and could finally exhibit directional strength. The pair hovered around 1.0800 throughout the first half of the day, with sellers rejecting advances around 1.0810 with limited conviction. Inflation takes centre stage this week, as Germany confirmed the Harmonized Index of Consumer Prices at 2.
4%, unchanged from March EUR/USD dipped to 1.0766 but quickly trimmed losses and is once again battling with the 1.0800 threshold. Right after Wall Street's opening, Federal Reserve Chairman Jerome Powell will speak at the Netherlands Foreign Bankers' Association in Amsterdam. Powell will hardly deliver a surprise message that can affect the USD direction.
Recommended Inflation Sentiment
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: Euro bulls could retain control while 1.0750 holds as supportEUR/USD fluctuates in a tight channel slightly above 1.0750 early Monday after closing the previous week in positive territory.
Read more »
EUR/USD Forecast: Bulls timidly adding, aim for 1.0900The EUR/USD pair posts modest gains on Monday, trading in the 1.0780 price zone ahead of Wall Street’s opening.
Read more »
EUR/USD Forecast: Bulls may soon give upFinancial markets lack clues on Tuesday, resulting in major pairs trading within familiar levels.
Read more »
EUR/USD Forecast: Euro bulls stay on the sidelinesEUR/USD came under modest bearish pressure and closed in negative territory on Tuesday.
Read more »
EUR/USD Price Analysis: Bulls are not out of the woods, despite reclaiming 1.0700On Thursday, the Euro rose against the US Dollar after US economic data portrayed the economy as weaker than expected.
Read more »
EUR/USD Forecast: The next target emerges at the 200-day SMAThe renewed downside momentum of the US Dollar (USD) prompted a decent reaction in EUR/USD on Thursday, extending the recent recovery to the 1.0740 region, or two-week tops.
Read more »