EUR/USD

The EUR/USD currency pair edged slightly higher on Tuesday after the release of the Euro area inflation estimates for August published by Eurostat.

The EUR/USD pair has been on a bearish consolidation for the past few days. According to data published on Wednesday, eurozone inflation improved in July.

The EUR/USD pair was treading on positive territory on Thursday ahead of US GDP data for the second quarter later in the day.

The EUR/USD pair was in the red ahead of ECB Interest Rate Decision for July. ECB President Christine Lagarde will announce the bank’s monetary policy decision.

The EUR/USD pair remained unchanged ahead of Eurozone’s Consumer Price Index (CPI). US retail sales are to be released later today.

EUR/USD is on a decline ahead of the FOMC meeting minutes. The mixed economic data from Europe has exerted pressure on the currency pair.

EUR/USD is trading higher ahead of the ECB interest rate decision on Thursday. The pair will also be reacting to the US inflation data.

EUR/USD has moved past the resistance level at 1.2241 after better-than-expected numbers on Germany’s business confidence. The currency pair is also reacting to the weakening US dollar.

The EUR/USD pair is almost at its highest level ahead of the European Inflation Data

The EUR/USD struggles to remain stable amid strong inflation numbers in both US and Europe