EUR/USD Price Edges Down Ahead of US CPI Week

The EUR/USD price is currently trading marginally lower at around 1.1610 against the US Dollar (USD) during the Asian trading session on Monday.

This comes as investors turn cautious ahead of the US Consumer Price Index (CPI) week, which includes key data releases such as the August US CPI print and PPI.

Analysts at Deutsche Bank note that 'all eyes will be on the August US CPI print on Friday, preceded by the PPI on Thursday,' representing 'the last set of inflation readings before the Fed's next decision on September 16.'

Their economists expect a notable pickup in price pressures, with August's headline CPI forecast to come in at +0.38% MoM vs. +0.07% previously.