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Forex

EUR/USD Stuck in Neutral Ahead of Key US Data

Guavy AI Editorial Team
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EUR USD
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The EUR/USD currency pair is stuck in neutral, hovering around the 1.0850 level as investors wait for key US economic events to break the stalemate.

The current consolidation reflects a market in wait-and-see mode, with traders reluctant to place large bets ahead of the upcoming US inflation data and Federal Reserve policy meeting.

The euro has found support from a slightly hawkish European Central Bank, while the US dollar is underpinned by resilient economic data that keeps Fed rate cuts uncertain.

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