EUR/USD licks post ECB, US GDP inflicted wounds below 1.1000 ahead of German, US inflation clues – by anilpanchal7 EURUSD ECB Fed Inflation GDP
previous day. In doing so, the Euro pair portrays the market’s cautious mood ahead of the top-tier data from Germany and the US at the lowest level in three weeks.
However, the ECB statement dumped reference to the need to bring the rates to a level that cuts inflation quickly enough and gained the attention of the Euro bears, especially when backed by ECB President Christine Lagarde’s comments stating, “The wording change in the statement was not random or irrelevant.”also signaled the nearness to the end of the inflation battle by suggesting smaller grounds to cover while also showing data-dependency of the next rate decision as well.
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