- Eurozone countries will release preliminary March inflation figures.
- US Dollar recovers modestly despite risk appetite.
- EUR/USD flattens below 1.0850, holds above key daily moving averages.
The EUR/USD hit the highest level in four days at 1.0871 and then pulled back, ending flat around 1.0840. The pair is consolidating as market participants await critical inflation data from the Eurozone and the US. The US Dollar rose during the American session despite a rally in US stocks.
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