Open account

Euro Holds Near 1.1560 as German HICP Confirms 2.7% and ECB Bets Persist

EUR/USD stabilized near 1.1560 on June 12 after recovering from session lows below 1.1550. Markets have priced in additional ECB tightening following the June 9 rebound, supported by softer Treasury yields. The pair had earlier plunged to two-month lows near 1.0800 after stronger-than-expected US May payrolls of +339,000, then rebounded from 1.1505 amid Middle East tensions and mixed Eurozone data including Germany's weak factory orders. Germany's final May HICP held at 2.7% YoY, leaving the pair sensitive to rate differentials ahead of further inflation prints.

Category

EUR/USD

Sentiment

Neutral

Event

Policy impact

Reading time

1 min