EUR/USD RISES ABOVE 1.0400 AHEAD OF EUROZONE HICP INFLATION DATA

EUR/USD RISES ABOVE 1.0400 AHEAD OF EUROZONE HICP INFLATION DATA
EUR/USD RISES ABOVE 1.0400 AHEAD OF EUROZONE HICP INFLATION DATA

EUR/USD is going up: The currency pair is trading around 1.0410 after falling for three days.

Weaker US Dollar helps: The US Dollar lost strength, helping EUR/USD rise.

Inflation data matched expectations: US inflation data (PCE) for January was as expected, reducing worries about sudden inflation increases.

Market focus on Eurozone data: Traders are now waiting for Eurozone inflation (HICP) data.

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