Neutral
EUR/USD rebounds from two-week low near 1.1400 amid soft US inflation data.
In the past 24 hours, EUR/USD has recovered from a two-week low near 1.1400, trading at 1.1468, as soft US inflation data eased concerns about potential Federal Reserve rate hikes. The euro's advance is also supported by steady European equities and anticipation of upcoming Eurozone inflation data.
Key points
- EUR/USD rebounds from two-week low near 1.1400 amid soft US inflation data.
- European equities remain steady, providing support for the euro.
- Market participants await upcoming Eurozone inflation data for further direction.
Sources
AI-generated from public news sources. Not financial advice.
