EUR/USD is trading in the 1.0850s on Wednesday, little changed from the previous day’s close as traders await key macroeconomic data from the US in the form of the Consumer Price Index (CPI) for March, which will be released at the start of the US session.
The EUR/USD pair traded uneventfully around the 1.0850 mark for most of this Thursday as investors held in wait-and-see mode ahead of the release of the United States (US) Consumer Price Index (CPI).
An unexpected rise in the US CPI in March propelled the Greenback to yearly highs and kept the risk complex under renewed and strong downside pressure.