The EUR/USD pair is trading with a mild negative bias near 1.0550 on Monday during the Asian trading hours. Investors will be closely watching the US Consumer Price Index (CPI) inflation report for November, due on Wednesday. On Thursday, the European Central Bank (ECB) interest rate decision will be in the spotlight. Investors will be looking for clues on what will happen next.
Expectations for a quarter-point rate cut by the Federal Reserve (Fed) on December 18 increased last week after the employment report showed strong job creation, but not at a pace that would deter Fed officials from lowering rates to between 4.25 and 4.5% from the current range of 4.5 to 4.75%.
With expectations high for a US rate cut later this month, Wednesday's inflation data could be the only potential hurdle left for a third straight rate cut from the Fed. Annual consumer price inflation is expected to edge up to 2.7% year-on-year in November from 2.6% in October. Core inflation, which excludes volatile food and energy prices, is projected to be steady at 3.3% year-on-year in November.
Source: FXStreet
The euro rebounded above $1.16, reaching its strongest level since mid-November, as investors adopted a cautious stance ahead of key Eurozone and US economic data that could influence interest rate ex...
The EUR/USD pair traded flat on Thursday, trading around 1.1596, as market liquidity thinned during the US Thanksgiving holiday. Despite the limited movement, pressure on the US dollar remained as exp...
EUR/USD posts moderate losses during the North American session on Friday as the US Dollar (USD) holds firm after the release of mixed economic data and dovish comments by Federal Reserve (Fed) offici...
The EUR/USD pair traded slightly around 1.1580 during Wednesday's Asian session, after three consecutive days of weakness. The main pressure came from the strengthening US dollar, as markets began to ...
The EUR/USD pair moved within a narrow range during the Asian session on Friday (November 14th). The pair appeared to be consolidating after a strong rally to a more than two-week high reached the pre...
European stocks edged higher, posting a second straight week of gains, as markets continued to assess the outlook for interest rates next year, the returns from a surge in AI capital spending, and the possibility of a ceasefire between Russia and...
Gold (XAU/USD) strengthened slightly on Friday (December 5th) as the latest US economic data reinforced expectations of a Federal Reserve interest rate cut next week. Steady PCE inflation and easing consumer inflation expectations kept the policy...
Oil prices rose as U.S. stocks continued their rally, extending a two-day rally, while investors assessed the prospects for a ceasefire in Ukraine and signs of a widening global surplus. West Texas Intermediate crude oil prices traded above $60...
Asia Pacific stock markets opened quietly on Wednesday morning, with investors awaiting the release of key economic data from the United States and...
Private businesses in the US cut 32K jobs in November 2025, following an upwardly revised 47K gain in October, and compared to forecasts of a 10K...
US President Donald Trump has hinted that Kevin Hassett, the current chairman of the National Economic Council, whom Donald Trump appointed to the...
A five-hour meeting between Russian President Vladimir Putin and Donald Trump's special envoy, Steve Witkoff, and his son-in-law Jared Kushner, in...