Forex
Euro Struggles Against Strong Dollar Amid Soft Inflation Data
The euro is struggling to find support in the short term as it faces a challenging environment against the U.S. dollar.
The EUR/USD has now recorded three consecutive losing sessions and a decline of roughly 0.6%.
The market continues to favor the dollar over the euro, with selling pressure persisting even after the latest U.S. inflation data was released.
The Core Personal Consumption Expenditures (Core PCE) report showed a modest easing in short-term inflation pressures, but the annual measure remains close to 3.0%.