Euro keeps the upbeat mood above 1.1000, looks at US CPI

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• Euro maintains the buying interest beyond 1.1000 vs. the US Dollar.
• Stocks in Europe trade with decent gains on Wednesday.
• EUR/USD climbs to multi-week tops in the 1.1035/40 band.
• Final CPI in Spain came in below 2% in June.
• Markets’ attention will be on US inflation figures gauged by the CPI.

The Euro (EUR) regains further upside traction and advances to new peaks vs. the US Dollar (USD), lifting EUR/USD to the 1.1040 zone on Wednesday. In fact, the intense sell-off in the Greenback forces the USD Index (DXY) to retreat to multi-week lows around 101.30, opening the door at the same time to a potential visit to the 101.00 neighbourhood sooner rather than later.