Euro trades flat despite soft European inflation
The post Euro trades flat despite soft European inflation appeared on BitcoinEthereumNews.com. EUR/USD trades in a muted fashion near the 1.1430 area on Friday, as a weaker US Dollar (USD) helps the pair hold onto modest Thursday gains. That was true even after inflation data from Germany and France showed limited price pressure. Germany’s Consumer Price Index (CPI) fell 0.3% MoM in June, while the annual rate remained unchanged at 2.3%. The Harmonized Index of Consumer Prices (HICP) declined 0.2% MoM and rose 2.4% YoY. In France, the EU-harmonized CPI fell 0.3% on the month and increased 2.0% from a year earlier. The readings suggest that inflation in two of the Eurozone’s largest economies remains relatively contained. This could reduce the need for the European Central Bank (ECB) to maintain an aggressively restrictive policy stance, limiting the Euro’s upside. Meanwhile, geopolitical uncertainty remains in focus. United States (US) President Donald Trump said on Truth Social that I