The EUR/USD pair trades at the upper end of its latest range, still lacking directional momentum but afloat amid broad disinterest in the US Dollar.
EUR/USD Current price: 1.0875 The ECB Consumer Expectations Survey showed consumers expect inflation to ease modestly. Fed eral Reserve speakers flood the news wires, inflation concerns weigh on the USD. EUR/USD bullish potential increased, but 1.0900 still in the way. The pair hovers around 1.0880 ahead of Wall Street's opening despite the sour tone of Asian and European indexes, usually a sign of a tepid market mood.
During Asian trading hours, Governor Michelle Bownan said she would have supported either waiting to slow the quantitative tightening pace or a more tapered slowing in balance sheet run-off. Mid-European session, Minneapolis Fed's President Neel Kashkari said the US economy has remained remarkably resilient and that he does not see a need to hurry to cut rates.
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