Euro Price Forecast: Some Respite for EUR/USD as EU Core Inflation Remains Elevated at 3.8% - DailyFX
6/17/2022 12:00:00 AM3 years 8 months ago
by Warren Venketas
by Warren Venketas
The euro received some support after eurozone CPI showed no relief for the region but helped push EUR/USD above 1.05 as we look ahead to U.S. data later today.
EUR/USD TALKING POINTS
- Persistent EU inflation pressures support hawkish bets.
- ECB walking a tight rope.
- EUR/USD holds above 1.05 for now.