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EUR/USD Price Forecast: Euro Tests $1.15 as US CPI Cools Fed Rate Hike Bets

Summary by InvestingCube
EUR/USD price action turned volatile on Wednesday as the pair struggled to hold early gains following the latest US Consumer Price Index (CPI) report, a key driver for Federal Reserve interest rate expectations and US dollar direction. The euro briefly surged on signs of cooling US inflation but quickly lost momentum as traders reassessed the broader policy outlook. The currency pair initially climbed as high as $1.1563 immediately after the inf…

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The dollar rose as demand for safe-haven assets strengthened in global markets. Gulf tensions and upcoming US data are shaping investors' direction. Inflation and the Fed's roadmap will be key factors for the markets. The USD index and market commentary show that the US dollar found support from safe-haven demand due to tensions in the Gulf and concerns about the energy shock. The USD index rose 0.1% to 99.85, reflecting investors pricing in flu…

·Türkiye
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bipns.com broke the news on Wednesday, August 12, 2026.
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