The currency pair remains stable despite softer inflation data from Germany and France, supported by a decline in the US Dollar.
EUR/USD traded near 1.1430 on Friday, maintaining modest gains from the previous session. A weaker US Dollar provided support, counterbalancing softer inflation readings from Germany and France, which showed limited price pressures in the region.
Earlier data indicated subdued inflation in two of the Eurozone’s largest economies, typically a dovish signal for the European Central Bank. However, the pair’s muted reaction suggests markets are focusing on broader USD trends rather than regional inflation dynamics.
No significant market reaction was observed following the release, with the pair continuing to trade within a narrow range.