The currency pair remains flat ahead of US inflation data, with traders awaiting clarity on Federal Reserve rate cuts.
EUR/USD held near 1.1553 on Monday, showing little movement as the US Dollar stabilized after recent jobs data volatility. The pair’s stagnation reflects uncertainty over Federal Reserve policy, with investors eyeing this week’s US Consumer Price Index report for direction.
Prior to the release, the Dollar had weakened following softer-than-expected nonfarm payrolls, but gains in oil prices and geopolitical tensions in the Middle East provided some support. Market consensus expects the Fed to delay rate cuts until clearer inflation trends emerge.
Trading volumes remained subdued, with no immediate reaction to the pair’s sideways movement.