Thursday, 31 August 2023

EUR/USD Slides as Euro Area Makes Progress on Core Inflation, Headline Steady

The Euro Area saw core inflation cool in August but the headline and MoM figure remain sticky. No real clarity from today's data will only add to the ECB's conundrum moving forward.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...