EUR/USD trades -0.18% lower at 1.1318, within a striking distance of session lows struck at 1.1311 in mid-Asia. The main currency pair is seen struggling just ahead of 1.13 handle, extending its corrective slide from 1.1364 – seven-week tops printed on Wednesday.
EUR/USD looks to test 1.14 barrier as the US dollar remains on the defensive after dovish Yellen’s comments and a string of mixed Fed speaks, which puts the investors’ confidence in the US currency in disarray.
EU CPI in Focus
The markets continue to cheer upbeat German CPI figures and now gear up for another eventful European session, with Euro zone CPI in the spotlight. While the German retail sales data remains in immediate focus for fresh incentives on the pair.