EUR/USD TUDGES LOWER AHEAD OF ECB RATE CALL

EUR/USD TUDGES LOWER AHEAD OF ECB RATE CALL
EUR/USD TUDGES LOWER AHEAD OF ECB RATE CALL

EUR/USD TUDGES LOWER AHEAD OF ECB RATE CALL

EUR/USD Movement: EUR/USD fell for the fourth consecutive day, approaching the 1.0500 handle.

US CPI Data: US CPI inflation rose slightly to 2.7% YoY in November, with core CPI holding steady at 3.3%, keeping the Greenback steady.

ECB Rate Cut Expected: The European Central Bank is widely expected to announce a 25bps rate cut, reducing the Main Refinancing Operations Rate to 3.15% and the Deposit Facility rate to 3.0%.

Fed Rate Cut: The Federal Reserve is expected to cut rates by 25bps on December 18, with a 95% chance priced in by the market.

PPI Data: The US Producer Price Index (PPI) is expected to show slight increases, mirroring the CPI data's pattern.

EUR/USD Outlook: EUR/USD's near-term bullish recovery fizzled, with the pair continuing to trend lower amid ECB rate expectations.