The US ADP survey showed a stronger-than-anticipated job creation in the private sector in March. The Eurozone Harmonized Index of Consumer Prices rose 2.4% YoY in March, easing from 2.6%. EUR/USD advances for a second consecutive day, although additional gains seem unlikely. The EUR/USD pair advanced during European trading hours but held below the 1.0800 threshold, as investors maintained a cautious stance ahead of United States (US) employment-related data.
Stock markets lead the sentiment, with indexes falling after Wall Street’s dismal close on Tuesday. Market players are seeing rate cuts becoming less and less likely as time goes by, given that inflation remains above target while the economy performs pretty well. Earlier in the day, the Eurozone published the preliminary estimate of the March Harmonized Index of Consumer Prices (HICP), which rose 2.4% YoY, slowing from 2.6% in February, according to Eurostat. The core HICP annual reading printed
EUR/USD Job Creation Private Sector Eurozone Harmonized Index Of Consumer Prices Inflation Rate Cuts
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