EUR/USD reacts to inflation Data
The EUR/USD pair moved this week from 1.210 to 1.211, down -0.48% in comparison to the last week.
Following the ECB meeting, the euro traded lower against the main currencies. The issuing institution revised upward its inflation and growth projections for 2021 and 2022, while viewing the current price hike as moderate and transitory.
This week was also marked by the release of inflation figures in the United States. In May, it reached + 5% year-on-year, i.e. its highest level since August 2008.