Euro Approaches 1.145 as ECB Tightening Case Weakens
The euro edged toward 1.145 against the dollar on Thursday, lagging the pound, after softer-than-expected Euro Area inflation data reduced the case for further ECB tightening.
EURUSD
The euro traded near 1.145 against the US dollar on Thursday, but has underperformed the British pound this week.
Wednesday's softer-than-expected Euro Area inflation figures have weakened the argument for additional ECB rate hikes. Market participants are reassessing the central bank's tightening path as price pressures moderate.
Source: FXStreet Forex News