EUR/USD Flatlines Near Mid-1.1500s Ahead of US CPI, Iran Tensions
The euro held steady against the dollar around 1.1545-1.1550 during Asian trade, with markets sidelined ahead of US inflation data and geopolitical uncertainty over Iran.
EURUSD
The EUR/USD pair traded without clear direction on Monday, consolidating near 1.1545-1.1550 as investors refrained from big bets. The greenback lacked momentum, while the single currency remained range-bound. Traders are looking ahead to the upcoming US consumer price index release, which could shape expectations for Federal Reserve policy. Meanwhile, heightened tensions over Iran's nuclear program added a layer of caution to the market mood. The pair's next move likely hinges on the CPI print and any escalation in geopolitical risks.
Source: FXStreet Forex News