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Forex

EUR/USD Steady as US CPI Meets Forecasts Amid Middle East Risks

Guavy AI Editorial Team
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EUR USD
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The EUR/USD currency pair remains steady at around 1.1550 on Wednesday, up 0.08% from yesterday's close.

This modest gain comes despite a brief spike in volatility following the release of US inflation data, which showed a Consumer Price Index (CPI) slowing to 3.4% YoY in July from 3.5% in June.

The figures, released by the Bureau of Labor Statistics, were broadly in line with market expectations and provided no significant surprise likely to alter expectations regarding the Federal Reserve's monetary policy outlook.

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