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EUR/USD Price Falls Below 1.14 amid Upbeat CPI, Hawkish Fed

Started by forex4you, Feb 12, 2022, 04:20 am

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EUR/USD Price Falls Below 1.14 amid Upbeat CPI, Hawkish Fed

The EUR/USD pair remains in the red near a weekly low. US Treasury yields reached a 2.5-year high after the US CPI climbed to a nearly 50-year high. Lagarde ruled out faster rate hikes, Barkin remained cautious despite ECB’s hawkish remarks. The calendar will feature the consumer sentiment index in Michigan and inflation in Germany. … Continued


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