EUR/USD Tumbles to New Lows as Resilient U.S. Inflation Dashes Rate Cut Hopes
EUR/USD declined for a second consecutive week as resilient U.S. inflation data undermined market bets on a September Fed rate cut. Stronger-than-expected CPI figures prompted traders to delay expectations for easing, while dovish ECB signals and weak eurozone data kept the euro under pressure. Investors will watch upcoming U.S. inflation reports and ECB guidance for clues on the pair’s next move.
