EUR/USD Sinks Despite Eurozone Inflation Record

The EUR/USD pair is trading at 1.1593, down 0.2% on the session, after failing to rebound off the 100-day simple moving average at 1.1572.

The US Dollar Index (DXY) is up 0.2% near 99.60, outperforming across the board as traders price in a Federal Reserve tightening cycle.

CME FedWatch puts a 25 basis point hike at the September 15-16 FOMC meeting at 66.4%, against 33.6% for a hold.

The eurozone's flash estimate put August headline HICP at 3.3% year over year, up from 2.9% in July and exactly matching market forecasts.