EUR/USD snapped a three-day winning streak on Wednesday. investors await the US October Consumer Price Index (CPI) print today. An unexpected upside would end the recent correction in the pair, economists at ING report.
Notwithstanding the current recovery in equities, the external environment is still mixed, including lockdowns spreading all over China.
Today’s US data is large enough to end the recent EUR/USD correction if inflation surprises on the upside.
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