EUR/USD is currently trading near 1.1650, showing little movement as it retraces from a recent peak around 1.1700. The currency pair's recovery appears to be losing momentum as traders await the highly anticipated US Consumer Price Index (CPI) data. This key economic indicator could significantly impact future exchange rate fluctuations and influence market sentiment.
As the market shifts its focus to the upcoming CPI report, the USD's strength against the EUR remains in question. Analysts predict that inflation figures could steer the Federal Reserve's monetary policy decisions, potentially leading to shifts in trading patterns for the EUR/USD pair. With the exchange rate hovering at critical levels, traders are keenly observing any developments that may affect the dollar's trajectory against the euro.
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Data Source: FX Killer Analysis Team Updated: 2026-01-13 09:36
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.