EUR/USD looks firm and approaches 1.1300, EMU CPI in sight By pabspiovano EURUSD Currencies Majors CPI Inflation
Final January EMU CPI next of note in the domestic calendar.The upside momentum around the shared currency remains everything but abated and now liftsEUR/USD advances uninterruptedly since Friday on the back of now deep correction in the US dollar, recovering at the same time nearly half of the selloff witnessed in the second half of January.
In the docket, the focus of attention will be on the release of the final inflation figures in the broader Euroland for the month of January. In the US data sphere, the job creation by the US private sector tracked by the ADP report will be the salient event later on Wednesday.EUR/USD extended the bounce off 1.1120 and now re-targets the 1.1300 barrier amidst improvedtrends and the renewed selling mood in the dollar.
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