German inflation easing supports the Euro, keeping it near 1.1450 against a weaker USD ahead of weekly close.
The Euro traded near 1.1450 against the US Dollar on Friday, supported by easing inflationary pressures in Germany. The pair remained within the mid-1.1400s range but struggled to break above 1.1475, the upper bound of its two-week trading band.
Earlier data confirmed a slowdown in German inflation, reinforcing expectations of softer price pressures in the eurozone. The USD showed mild weakness, contributing to the EUR’s modest gains, though momentum remained limited.
Markets are poised to close the week with the EUR holding steady, as traders await further cues on monetary policy and economic trends.