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EUR/USD hovers around 1.0900 ahead of EU inflation data
EUR/USD is keeping its range at around 1.0900 in Wednesday's European trading. The US Dollar resumes the downside, lending support to the pair. However, traders stay cautious and refrain from placing fresh bets ahead of the Eurozone inflation data release.
GBP/USD stays below 1.3000 after UK CPI data
GBP/USD trades below 1.3000 in the European session on Wednesday. The data from the UK showed that annual CPI inflation held steady at 2% in June. This reading came in line with the market expectation and limited Pound Sterling's upside.
UPCOMING CALENDAR EVENTS
Editors’ Picks
Gold price retreats from all-time high amid profit-taking, potential downside seems limited
Gold price (XAU/USD) trims gains after touching a fresh record peak, around the $2,482-2,483 region during the Asian session on Wednesday and currently trades near the lower end of its daily range.
Bitcoin surpasses $65,000 mark
Bitcoin closes above the daily resistance level of $64,900, with Ethereum and Ripple subsequently breaking through their resistance levels, indicating an emerging bullish trend.
ECB could disappoint expectations for a dovish shift
ECB meets but all eyes remain on the US The ECB is preparing for the last meeting before the summer lull with developments elsewhere making President Lagarde’s job even more challenging.