The euro has held steady above 1.1600 against the US dollar as traders await the release of Eurozone inflation data, due out at 10:00 GMT.
The shared currency has found support from a softer dollar and improving market sentiment, but the upcoming inflation report could determine its near-term direction.
A strong print is expected to lift the pair toward 1.1700, while a weak reading could expose downside risks toward 1.1500.
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