EUR/USD: Euro rides high on US economic missteps, hovers around 100-DMA

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• EUR/USD trades at 1.0919, gaining 0.36%, as disappointing US labor and GDP data suggest the Fed may hold off on rate hikes.
• US Dollar Index (DXY) loses 0.29% to 103.187, further supporting the Euro, as US Treasury bond yields also edge lower.
• German Harmonised Index of Consumer Prices (HICP) beats estimates, bolstering the Euro and setting the stage for a potential run at the 1.1000 level.

The Euro (EUR) registers solid gains against the US Dollar (USD) as US Treasury bond yields slump due to softer economic data in the United States (US), suggesting the US central bank might keep rates unchanged for the remainder of the year.