The Euro US Dollar (EUR/USD) exchange rate is extending its bounce for a third consecutive day. The Pair trades +0.3% at US$1.1830.
An optimistic tone from the ECB on Thursday continues to boost the common currency. The ECB’s economic projections impressed as did the fact that policy makers were relatively relaxed over the strength of the Euro. German inflation came in line with forecast.
US Dollar is edging lower ahead of inflation data. CPI is expected to show a +0.3% increase mom in August after jumping 0.6% in the previous month.
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