The EUR/USD pair held steady near the 1.05 level ahead of the release of key EU inflation data, reflecting cautious sentiment among traders. Market participants are closely watching the figures for any indications that could guide the European Central Bank’s (ECB) monetary policy decisions. The pair’s recent lack of momentum comes after a series of data suggesting persistent economic challenges in the eurozone.
Investors anticipate that the inflation numbers will provide clarity on the ECB’s next move, particularly amid ongoing concerns about slowing growth and the potential for prolonged higher interest rates. The dollar remains resilient, supported by strong U.S. economic indicators, keeping the euro under pressure. A decisive shift in the EUR/USD may hinge on whether the inflation figures exceed or fall short of expectations.
