EUR/USD Trades Flat Near 1.1545 Ahead of US CPI Data
The EUR/USD pair is trading in a tight range around 1.1545 during the Asian session on Wednesday, as the dollar steadies before the release of US May CPI data at 12:30 GMT.
EURUSD
During the Asian trading session on Wednesday, the EUR/USD pair is consolidating near the 1.1545 level. The major currency pair is moving in a narrow range as the US dollar trades calmly ahead of the release of the US Consumer Price Index (CPI) data for May, scheduled for 12:30 GMT.
Traders are awaiting the inflation report for further directional cues. The current price action suggests a lack of conviction among market participants until the data is published.
Source: FXStreet Forex News