EUR/USD trades above 1.1200 as the US Dollar retreats, with market participants awaiting key inflation data to determine the next move for the pair.
EUR/USD holds mild gains above 1.1200 as USD weakens ahead of US CPI data.
The Euro maintains a modest recovery against the US Dollar, trading above the 1.1200 threshold on Tuesday. This upward momentum stems primarily from broad Greenback weakness as investors position themselves ahead of critical US inflation figures.
The pair is rising primarily due to weakness in the US Dollar as investors prepare for the release of US inflation data.