EURUSD

The movement of the EURUSD pair will be shaped by the Eurozone annual CPI data to be released today. A figure deviating from the expected 2.2% could impact expectations regarding the European Central Bank's (ECB) monetary policy outlook, leading to short-term fluctuations in the pair. Inflation exceeding expectations could strengthen the argument for the ECB maintaining its tight stance, supporting the Euro. However, the main focus of the markets being on tomorrow's US CPI data might limit today's impact.