EUR/USD Forecast: Dollar Wallows After Soft Inflation Data

<div><img width="638" height="390" src="https://www.forexcrunch.com/wp-content/uploads/2022/01/Screenshot_2-14.png" class="type:primaryImage wp-post-image" alt="my EUR/USD price analysis forecast outlook" decoding="async" style="margin-bottom: 15px;" fetchpriority="high" srcset="https://www.forexcrunch.com/wp-content/uploads/2022/01/Screenshot_2-14.png 638w, https://www.forexcrunch.com/wp-content/uploads/2022/01/Screenshot_2-14-300×183.png 300w, https://www.forexcrunch.com/wp-content/uploads/2022/01/Screenshot_2-14-150×92.png 150w" sizes="(max-width: 638px) 100vw, 638px" /></div>
<p>An unexpectedly softer US inflation reading weighed on the dollar. The euro hovered just below a more than two-month high achieved on Tuesday. Data confirmed a slight contraction in the Eurozone economy in the third quarter. The EUR/USD forecast is bullish as the dollar struggles significantly lower. This struggle comes after an overnight decline triggered…</p>
<p>The post <a rel="nofollow" href="https://www.forexcrunch.com/eur-usd-forecast-dollar-wallows-after-soft-inflation-data/">EUR/USD Forecast: Dollar Wallows After Soft Inflation Data</a> appeared first on <a rel="nofollow" href="https://www.forexcrunch.com">Forex Crunch</a>.</p>

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *