EUR/USD Consolidates Near 1.1430 as German Inflation Confirmed at 2.4% in June, Cementing ECB July Pause Bets
The euro consolidated near 1.1430 against the US dollar on Friday after Germany confirmed harmonized inflation slowed to 2.4% in June from 2.7% in May, reinforcing expectations that the ECB will leave interest rates unchanged at its upcoming July meeting. In Friday's G10 trading, the euro remained mostly bearish among other currencies. The next mild highlights for the euro will be the Wholesale Prices for June, due on July 14. For the USD, the major events will be the inflation data for June and testimony of Federal Reserve Chair Kevin Warsh, also due on July 14. The EUR/USD pair was trading at 1.14292, inching down 0.01% during Friday's American session at the time of writing.
The euro consolidated near 1.1430 against the US dollar on Friday after Germany confirmed harmonized inflation slowed to 2.4% in June from 2.7% in May, reinforcing expectations that the ECB will leave interest rates unchanged at its upcoming July meeting.
In Friday's G10 trading, the euro remained mostly bearish among other currencies.
The next mild highlights for the euro will be the Wholesale Prices for June, due on July 14.
For the USD, the major events will be the inflation data for June and testimony of Federal Reserve Chair Kevin Warsh, also due on July 14.
The EUR/USD pair was trading at 1.14292, inching down 0.01% during Friday's American session at the time of writing.