EURUSD

Following the US inflation data aligning closely with expectations, the EURUSD pair exhibited limited volatility. The inflation indicators remaining at the projected level raise expectations for the ECB to implement a rate cut in its June meeting, while uncertainty continues regarding the Fed's potential rate cut timeline for this year. Retail sales and industrial production data have the potential to influence market perception regarding the Fed's monetary policy trajectory. Today's US CPI data is expected to be a key determinant for the pair, which is anticipated to continue facing selling pressure in the long term.