EURUSD is struggling to move higher after retracing to a strong resistance zone.
The US dollar has posted strong economic data that has resulted in an uptick in US inflation.
The markets are likely to consider buying more USD as the FED is likely to keep currently elevated interest rates for longer, in order to tackle sticky inflation.
The US dollar has posted strong economic data that has resulted in an uptick in US inflation.
The markets are likely to consider buying more USD as the FED is likely to keep currently elevated interest rates for longer, in order to tackle sticky inflation.