EUR/USD pares recent losses above 1.1000 amid mixed ECB, Fed talks, Eurozone inflation, US NFP eyed – by anilpanchal7 EURUSD Inflation GDP Fed ECB
, the Euro pair justifies the latest comments from European Central Bank officials, as well as the Federal Reserve policymakers, while extending the previous day’s rebound from the multi-day low, mainly backed by softer US data.termed the latest economic output numbers from France, Germany and Spain as “quite encouraging” while speaking to French daily Le Figaro during the weekend.
Friday’s EUR/USD rebound could be linked to softer prints of the US Federal Reserve’s favorite inflation gauge, namely the Core Personal Consumption Expenditure Price Index, as it eased to 4.1% YoY for June versus 4.2% expected and 4.6% prior. Further details revealed that the Personal Income softened to 0.3% versus 0.5% expected and previous readings whereas the Personal Spending rose 0.5% from 0.4% market forecasts and 0.1% prior.
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