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fxAug 10, 2026, 2:51 PM

EUR/USD steady near 1.1553 as markets await US CPI

The euro traded little changed against the US dollar on Monday, with the pair hovering around 1.1553 as the greenback stabilized and traders looked ahead to US inflation data.

EURUSD

The EUR/USD pair was virtually unchanged on Monday, holding near 1.1553 as the US dollar steadied following weakness after the latest nonfarm payrolls report. Market participants remained cautious ahead of the upcoming US consumer price index release, which could shape Federal Reserve policy expectations.

Oil prices rose amid uncertainty over the reopening of the Strait of Hormuz, a key chokepoint for global crude shipments. That lent some support to the euro via a softer dollar, but the common currency struggled for direction.

With Fed uncertainty lingering, traders refrained from taking large positions in the major pair. The focus now shifts to the CPI print for cues on the pace of monetary tightening.

Source: FXStreet Forex News