Euro Stabilizes Near 13-Month Lows After US Inflation Data
EUR/USD recovers from intraday lows after April US CPI came in line with expectations, trading around 1.1362 after hitting 13-month lows earlier.
EUR/USD found some footing on Thursday after US inflation data matched forecasts, allowing the pair to bounce from thirteen-month lows. The euro was last seen near 1.1362, recovering from the day's worst levels as traders processed a heavy batch of US economic releases.
The move follows a period of sustained dollar strength that had pushed EUR/USD to its weakest since early 2024. Market participants are now looking ahead to further US data and central bank commentary for direction.
The pair remains under pressure overall, with any recovery seen as tentative until a clear catalyst emerges.
Source: FXStreet Forex News