EUR/USD trades without direction within 1.1720–1780, but the stable ECB hand maintains a couple supported. WITH Euro area Inflation hovering around 2% of the target and basic CPI stable, political background continues to prefer the basic UPTrend Euro, report BBH FX analysts, BBH FX Analysts Report.
The euro area inflation is consistent with the aim of the ECB
“EUR/USD is free of 1,1720-1,1780. ECB It is in a good place to maintain rates because the euro area inflation remains close to 2% of the ECB. In September, the title and Core CPI coincided with consensus. ”
“The headline increased by 0.2 points to 2.2% y/y, the core printed to 2.3% y/y for the fifth consecutive month and the CPI services have checked by 0.1 points to 3.2%. EUR/USD”
