Euro reverses from two-day high, fade US soft CPI move
• The Euro reversed its upward trend after hitting a two-day high of 1.1563, fading an initial gain sparked by soft US inflation data for July. • The benign US CPI report led markets to reprice expectations for a less "hawkish" Federal Reserve approach extending through 2026. • This volatility highlights the Euro's sensitivity to US monetary policy and key economic indicators from the Eurozone's four largest economies—Germany, France, Italy, and Spain.
fxstreet.com

