EUR/USD RATE TALKING POINTS
EUR/USD continues to hold above the December 2002 low (0.9859) as it trades within last week’s range, and fresh data prints coming out of the Euro Area may generate a rebound in the exchange rate as the Consumer Price Index (CPI) is anticipated to show higher inflation.
EUR/USD RATE OUTLOOK: EURO AREA CPI REPORT IN FOCUS
EUR/USD appears to be bouncing back ahead of the monthly low (0.9900) as it attempts to retrace the decline following the speech by Federal Reserve Chairman Jerome Powell, and the European Central Bank (ECB) may come under pressure to carry out a similar approach as Chief Economist Philip Lane reveals that the “upcoming September monetary policy meeting will be the start of a new phase.”
