Euro / U.S. DollarShort
Soft inflation could spark a rebound, but can it be trusted?
The EURUSD might rise today, especially if U.S. inflation falls below the 2.9% projection. However, it's important to note that rent has been the biggest driver of inflation over the past two years. U.S. rental market experts predict rent will continue to increase into 2025, driven by low housing supply and high demand.
If inflation is slightly weaker than expected and the EURUSD pushes toward 1.0357 without breaking above 1.0438, traders may see this as an opportunity to short, targeting 1.0236 and 1.0182.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
If inflation is slightly weaker than expected and the EURUSD pushes toward 1.0357 without breaking above 1.0438, traders may see this as an opportunity to short, targeting 1.0236 and 1.0182.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
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