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US CPI coming up, looking at EURUSD reaction
With the US CPI numbers due out tomorrow, I'm watching the $EURUSD pair pretty closely. Recent commentary from some Fed governors has been a mixed bag – some hinting at a more patient approach, others still pushing the 'higher for longer' narrative. Depending on how that core number prints, we could see a decent swing.
My primary concern is a hotter-than-expected print cementing the hawkish view, potentially pushing the DXY higher and pressuring $EURUSD further. On the flip side, a cooler number might give some breathing room, but I'm skeptical it would be enough to trigger a significant reversal just yet. Just keeping it on the watchlist for now, no immediate moves planned.
1 comments · 1 points
Yeah, it's definitely a tricky setup with the mixed signals from the Fed. I'm curious if you're leaning more towards a continuation of the recent range if it's in line, or if you're expecting a breakout regardless of the number?