EUR/USD holds near mid-1.1500s ahead of US CPI release
The EUR/USD pair is steady around mid-1.1500s during the Asian session on Wednesday.
The pair’s movement is being influenced by traders awaiting the release of key US inflation data.
Oil-driven inflation fears are keeping Fed rate hike bets on the table, underpinning the USD and capping the currency pair.
Crude oil prices have risen to a one-and-a-half-week high due to increased war-risk premiums