# Euro under pressure ahead of inflation data

> EUR/USD slipped 0.1% to 1.0828 on Thursday after three straight losing sessions on profit-taking from three-week highs. Investors awaited German and eurozone inflation data and were repricing the odds of an ECB cut in April.

- Date: 2024-02-29 · published 2024-02-29T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/31882-euro-under-pressure-ahead-of-inflation-data
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Routine FX commentary with no new driver for feed commodities; the euro's softness marginally raises the dollar value of European feed purchases.

## Read by commodity

- EURUSD: bearish ▼

## Sources

- economies.com: https://www.economies.com/forex/eur-usd-news/euro-under-pressure-ahead-of-inflation-data-44063

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.