Forex
EUR/USD Stalls near 1.1550 as Investors Await US CPI Release
The EUR/USD pair is trading just below the 1.1550 level after experiencing marginal gains against the US Dollar on Wednesday.
Investors are waiting for the release of US Consumer Price Index (CPI) data to make directional bets on the USD, with FX volatility remaining at unusually low levels.
The Eurozone's German Harmonised Index of Consumer Prices confirmed a 2.8% year-over-year rate in July, up from 2.4% in June, due to energy inflation jumping to 7.3%, but this positive impact has been short-lived.
US Dollar rallies remain subdued as investors await the release of July's CPI figures for a better assessment of the Federal Reserve's interest rate plans.