EUR/USD Steady Near 1.1550 as Markets Await US CPI Data
The euro is holding marginal gains against the dollar, with EUR/USD flattening just below 1.1550 in European trade on Wednesday as investors brace for US inflation figures.
EURUSD
EUR/USD is treading water around 1.1550 in European trading on Wednesday, with the pair nursing small gains from earlier in the session. Traders are in a holding pattern ahead of the release of US Consumer Price Index (CPI) data, which could sway the dollar's near-term direction.
The euro's muted move reflects cautious positioning. Any surprise in the inflation print could trigger a breakout from the narrow range established over recent sessions.
Source: FXStreet Forex News