EUR/USD Steady Ahead of Key Economic Events

The EUR/USD pair remains steady above 1.1600 as bulls await key economic events, including the ECB meeting and US PPI release.

Traders are hesitant to make significant moves ahead of these events, which could impact monetary policy and inflation data.

The ECB is expected to raise interest rates by 25 basis points for the second time this year, with President Christine Lagarde's comments at the post-meeting press conference being closely watched.