EUR/USD steadies around 1.0550 as traders await German data, US inflation – by anilpanchal7 EURUSD Inflation ECB Fed Recession
Fears of economic recession in the bloc joins mixed concerns surrounding US CPI to challenge EUR/USD moves.
Concerns surrounding Europe’s ability to successfully manage to survive through the winter, amid the Russia-linked energy crisis, seem to challenge the Euro buyers. Even so, European Commission President Ursula von der Leyen said in a press conference on Monday that Europe's energy supply will be safe this winter, as reported by Reuters.
also hinted at softer US inflation but the University of Michigan’s Consumer Sentiment Index, as well as the US ISM Services PMI and inflation expectations from the UoM Survey, suggested firmer prints of the US CPI.the European Central Bank
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