{"id":103595,"date":"2024-07-12T01:38:00","date_gmt":"2024-07-11T21:38:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=103595"},"modified":"2024-07-12T05:07:05","modified_gmt":"2024-07-12T01:07:05","slug":"eur-usd-follows-market-wide-rally-after-us-cpi","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/eur-usd-follows-market-wide-rally-after-us-cpi\/07\/12\/market-updates\/","title":{"rendered":"EUR\/USD follows market-wide rally after US CPI"},"content":{"rendered":"\n<p>The Euro strengthened against the US Dollar (USD) along with other currencies after US inflation data showed a slowdown. This pushed the EUR\/USD pair to its highest level in five weeks. However, the gains weren&#8217;t sustained. The EUR\/USD pulled back from its daily highs, suggesting a possible reversal and a return to lower levels.<\/p>\n\n\n\n<p><br>This Friday brings another data point to consider: US Producer Price Index (PPI). This data measures inflation at the wholesale level and could impact the currency market. The EUR\/USD reached a new five-week high on Thursday. This surge was fueled by a broad sell-off of the US dollar, after US Consumer Price Index (CPI) data showed the slowest inflation rate since late 2021.<\/p>\n\n\n\n<p><br>Market participants are now more optimistic about the possibility of faster interest rate cuts by the Federal Reserve. This positive sentiment is carrying over into Friday&#8217;s trading session.<br>However, a potential rise in US PPI data could dampen the spirits of bullish investors. European data, specifically German inflation figures, did not have a significant impact on the Euro on Thursday.<br><br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Euro strengthened against the US Dollar (USD) along with other currencies after US inflation data showed a slowdown. This pushed the EUR\/USD pair to its highest level in five weeks. However, the gains weren&#8217;t sustained. The EUR\/USD pulled back from its daily highs, suggesting a possible reversal and a return to lower levels. This &hellip;<\/p>\n","protected":false},"author":13,"featured_media":58857,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6978,6884,7177,6957],"class_list":["post-103595","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-cpi","tag-eur-usd","tag-german-inflation","tag-ppi"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/103595","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=103595"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/103595\/revisions"}],"predecessor-version":[{"id":103601,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/103595\/revisions\/103601"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/58857"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=103595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=103595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=103595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}