Post #15401

Euro Presses the Ceiling EUR/USD is climbing back above 1.16 — its strongest level since mid-November — as traders brace for a loaded week of Eurozone and U.S. data that could shift interest-rate expectations. Germany’s inflation just accelerated to 2.6% (highest since February) and Spain stayed well above the ECB’s 2% target, while France and Italy printed softer numbers. ECB minutes also showed no urgency to cut rates, keeping market expectations steady for no policy changes through 2026. Also, dovish Fed commentary has traders leaning into the idea of a third rate cut in December, giving EUR/USD an extra tailwind. A breakout could unlock more euro strength on the back of firm Eurozone inflation and softening U.S. rate expectations. Failure to break would keep the pair trapped in its multi-week range, with traders waiting for this week's data to decide the next move. - Alan