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Forex

EUR/USD Stuck in Mid-1.1500s Ahead of Key US Inflation Data

Guavy AI Editorial Team
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EUR USD
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The EUR/USD pair has been stuck in a tight range around mid-1.1500s during the Asian session on Wednesday, unable to make any significant gains.

This stagnation comes as traders wait for key releases of US inflation data, including the Consumer Price Index (CPI) later today and the Producer Price Index (PPI) on Thursday, which will influence the US Federal Reserve's future policy path.

The ongoing Middle East crisis has also contributed to oil-driven inflation fears, supporting the US Dollar (USD) and capping any potential upside for the EUR/USD pair.

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