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Forex

EUR/USD Teeters Near 1.1550 Ahead of Crucial US Inflation Data

Guavy AI Editorial Team
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EUR USD
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The EUR/USD pair is currently trading in a narrow range near 1.1550 as traders await the release of US Consumer Price Index (CPI) data, which will provide crucial cues on the Federal Reserve's policy path.

A higher-than-expected CPI reading could reinforce expectations of faster policy tightening, potentially boosting the US dollar and pressuring EUR/USD.

On the other hand, a softer print might dampen those expectations, offering some support to the euro.

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