EUR/USD Steady Near 1.1400 as Eurozone Inflation Misses ECB Target

EUR/USD Stays Resilient Near 1.1400 as Eurozone Inflation Falls Short of ECB Goal

Euro Holds Ground Despite Inflation Dip

The EUR/USD pair is trading steadily around 1.1380 in early Wednesday Asian trading, after marginal losses in the prior session. The Euro’s strength comes despite the latest Eurozone inflation print showing that the Harmonized Index of Consumer Prices (HICP) rose just 1.9% YoY in May, slightly below the European Central Bank's (ECB) 2% target.

Weak USD Supports the Pair Amid Tariff Concerns

The US Dollar (USD) is under pressure as concerns mount over the impact of US tariff policies and broader uncertainty in the economic outlook. Investors remain cautious, trimming their exposure to the Greenback ahead of major data releases.

Related reading: What Drives the EUR/USD Exchange Rate?

JOLTS Data Offers Surprise Upside for USD

The JOLTS Job Openings for April printed 7.39 million, exceeding expectations of 7.1 million and improving on March’s 7.2 million figure. While this gave a brief lift to the USD, the overall tone remains cautious, limiting bullish follow-through.

Read more: Understanding the JOLTS Report in Forex

Eyes on US Nonfarm Payrolls for Fresh Cues

Markets now shift their focus to the upcoming US Nonfarm Payrolls (NFP) report, due Friday. Consensus expects a print of 130K job additions. A stronger-than-expected result could provide short-term support to the USD, putting EUR/USD under pressure.

Explore: How NFP Affects Forex Markets

Suggested Internal Links:

• EUR/USD Technical Chart and Key Levels
• ECB Inflation Targeting Explained
• Upcoming Economic Events That Could Move the Euro