What is the timing of the Eurozone’s initial HICP inflation report and what might be its impact on EUR/USD?
Eurozone Qualifying HICP Overview On Tuesday at 0900 GMT, Eurostat will publish the preliminary inflation data for the Eurozone for August. The Harmonized Consumer Price Index (HICP) is projected to increase to 2.0% year-over-year in August, up from the previous year. Meanwhile, core inflation is anticipated to dip slightly to 2.2%, down from 2.3%. Last […]
EUR/USD remains down around 1.1400 before Eurozone HICP inflation figures
EUR/USD has weakened as the US dollar (USD) rebounds from previous technical corrections. The European Union has cautioned that Trump’s new proposal to double US tariffs on steel and aluminum could jeopardize trade negotiations. The ISM Manufacturing PMI in the US declined from 48.7 in April to 48.5 in May. EUR/USD is showing a downturn […]
EUR/USD rises to near 1.1350 ahead of Eurozone HICP inflation data – FXStreet
EUR/USD is supported by improving global risk sentiment. The euro could face headwinds as the market expects a 25 basis point rate cut by the ECB on Thursday. The CME FedWatch tool shows the market is priced at around 85 basis points by the end of the year. EUR/USD traded around 1.1340 during Asian time […]
EUR/USD drops amid long US weekend, German HICP in focus – FXStreet
EUR/USD fell as the US dollar stabilized after a thin trading weekend due to the US Thanksgiving holiday. ECB President Schnabel ruled out the risk that inflation would fall below the central bank's target. Investors are awaiting German HICP data for new interest rate guidance from the ECB. EUR/USD fell on Thursday as the US […]