A worse-than-expected US inflation reading for August crushed demand for risky assets which flourished in recent days. Capital is once again fleeing to the US dollar, which is trading at the edge of parity against the euro.
EURUSD is once again struggling to stay above parity level. Source: xStation 5
The swap market is currently pricing a 24% chance of a 100 basis point hike at the next FOMC meeting on 21st September. Source: Bloomberg
⏬EURUSD the lowest in 3 months
Chart of the day - EURUSD (31.10.2025)
BREAKING: Eurozone Preliminary CPI in line with expectations
BREAKING: France inflation shows mixed results. EUR/USD shows no significant reaction.