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EUR/USD hovers near 1.0850, with US CPI in focus
EUR/USD is extending its side trend into the European morning on Wednesday, as the US Dollar consolidates recent losses ahead of the key US CPI inflation data. A cautious market mood leaves the pair in limbo. Fed Minutes and Fedspeak are also eyed.
GBP/USD trades modestly flat below 1.2700, awaits US CPI data
GBP/USD trades modestly flat below 1.2700 in European trading hours on Wednesday. The pair lacks a clear directional bias amid a stabilizing US Dollar and a typical caution trading heading into the US inflation data release. FOMC Minutes and Fedpseak will also grab attention.
UPCOMING CALENDAR EVENTS
Editors’ Picks
Gold bides time near $2,350 heading into the US CPI data
Gold price is treading near $2,350 in early Europe on Wednesday, hanging below the new record high of $2,365 reached a day ago. Gold traders have turned to the sidelines ahead of an action-packed US economic calendar later in the day.
XRP price tests $0.60 support, payment giant Ripple announces XRPLedger grants program
Ripple (XRP) price is testing a crucial support on Wednesday, at $0.60. The altcoin was hit by the market-wide correction as Bitcoin price coiled back under $70,000.
US CPI Preview: Headline inflation to accelerate in March, highlighting tough road ahead to 2% target
The US Consumer Price Index is set to rise 3.4% YoY in March, following the 3.2% increase in February. Annual core CPI inflation is expected to edge lower to 3.7% YoY in March. probability.