The Euro (EUR) registers modest losses against the US Dollar (USD) courtesy of a slew of European Central Bank (ECB) officials adopting a neutral appr
EUR/USD trades down at 1.0598, influenced by neutral ECB stances and US inflation data. US PPI data comes in mixed, sparking further concerns about the trajectory of inflation. Central bank minutes and officials' comments from both the Fed and ECB provide mixed signals. oach, while data from the United States increased concerns the US Federal Reserve could lift rates, after an inflation report. The EUR/USD is trading at 1.0598, down 0.13%.
Aside from this, the latest Fed officials have struck a neutral approach, except for Fed Governor Michelle Bowman, who stressed that further tightening is needed. Across the pond, ECB’s Kazaks said interest rates are appropriate to tame inflation to 2% in the second half of 2025 but kept the door open to additional hikes. On the data front, the Eurozone economic docket witnessed inflation in Germany continued to ease as expected.
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