EUR/USD grinds higher past 1.1000 with eyes on US inflation, banking report – by anilpanchal7 EURUSD ECB Fed Inflation Banks
EUR/USD remains sidelined after a volatile week, defends multi-day-old trading range around yearly high.US CPI for April, a bank survey report eyed this week for clear directions.begins the trading week without surprises around 1.1025, following a volatile week that ended near the start.
by 253K expected and revised down prior readings of 165K. Further, the Unemployment Rate also eased to 3.4% versus 3.5% market forecasts and previous mark whereas Average Hourly Earnings improved to 4.4% YoY from 4.3% prior and analysts’ estimations of 4.2%.
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