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fxJun 10, 2026, 7:23 AM

Euro Edges Higher but Stays Near Two-Month Lows Ahead of US CPI

The Euro ticks up for a third consecutive day against the US Dollar but remains capped below 1.1575, hovering near two-month lows around 1.1500 as markets await the US CPI release.

EURUSD

The Euro (EUR) is extending its modest recovery for a third straight session against the US Dollar (USD) on Wednesday, though gains remain limited. The pair is stuck below the former support zone at 1.1575 and continues to trade near two-month lows in the 1.1500 area.

Traders are squarely focused on the upcoming US Consumer Price Index (CPI) report, which could set the near-term tone for the dollar and consequently direction for EUR/USD. A stronger-than-expected reading may reinforce Fed hawkish bets and push the Euro back toward its lows, while a soft print could allow a further bounce.

Source: FXStreet Forex News