The EUR/USD pair trades with mild gains near 1.1580 during the early Asian session on Wednesday. The US Dollar (USD) softens against the Euro (EUR) as softer US inflation data dialed back expectations of tighter Federal Reserve (Fed) policy. Traders will take more cues from the European Central Bank (ECB) President Christine Lagarde’s speech later on Wednesday.
The Fed is likely to keep its key interest rate unchanged in the upcoming September policy meeting and through year-end, according to most economists in a Reuters poll.
Market pricing for a September quarter-point hike flipped toward near a 65% odds of a Fed hold after the release of…
Read the full article at FXSTREET.COM
