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EUR/USD DIPS AS INVESTORS EYE US, EU’S INFLATION DATA

amking
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  • EUR/USD declines amid signs of US economic resilience, despite slight GDP adjustment to 3.2% YoY.
  • Fed's inflation measure, PCE, anticipated to show deceleration, potentially impacting rate cut expectations.
  • Eurozone economic sentiment dips, highlighting stagnation as traders await critical Eurozone inflation figures.

The Euro stumbles for the second straight day against the US Dollar as investors assess recent data from the United States, revealing the economy remains strong. At the time of writing, the EUR/USD edges lower 0.12% and exchanges hands at 1.0830.


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