• EUR/USD fades the initial knee-jerk and regains 1.0300.
  • The dollar remains offered in the wake of US CPI results.
  • US Producer Prices will be the salient event in the calendar.

The optimism around the European currency looks unabated and bulls now push EUR/USD back to the area beyond 1.0300 the figure on Thursday.


EUR/USD trades with gains since Monday and looks to consolidate the recent breakout of the key 1.0300 hurdle always on the back of the intense offered stance in the US dollar.

Indeed, sellers so far remain in control of the sentiment surrounding the greenback, particularly after US inflation showed signs of slowing down its pace in July, as per Wednesday’s releases.

Along with the above, the probability of a 75 bps rate hike by the Fed next month continues to dwindle, which is another factor dragging hurting the buck’s mood.

Nothing scheduled data wise in Euroland on Thursday should leave the attention to the publication of US Producer Prices and Initial Claims.

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