As the trading session begins, the EURUSD appears unchanged from its last closing on Friday of the previous week. The pair has maintained well above the 1.080 level, moving laterally.
Looking ahead:
The minutes from the FOMC meeting on January 30-31 indicate that interest rates may reach the peak of this tightening cycle. Federal Reserve officials will review upcoming data to determine whether the current stabilization in US inflation is temporary or persistent.
The US Core Personal Consumption Expenditures (PCE) Price Index data released on Thursday could offer insights into the inflation trajectory in the US. Weaker than expected data could put pressure on the US Dollar and act as a supportive factor for the EUR/USD pair.
Looking ahead:
The minutes from the FOMC meeting on January 30-31 indicate that interest rates may reach the peak of this tightening cycle. Federal Reserve officials will review upcoming data to determine whether the current stabilization in US inflation is temporary or persistent.
The US Core Personal Consumption Expenditures (PCE) Price Index data released on Thursday could offer insights into the inflation trajectory in the US. Weaker than expected data could put pressure on the US Dollar and act as a supportive factor for the EUR/USD pair.
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