Euro is steadying against the dollar on Wednesday after having stumbled to near a six week low due to political uncertainty in the Eurozone. Eurozone saw political instability after French President Emmanuel Macrons decision to call for a snap election after suffering a defeat by Jordan Bardella-led far-right National Rally. Besides, dollar staying cautiously lower ahead of a pair of data from US is supporting the single common currency. EURUSD pair is quoting at $1.0758, up 0.10% on the day. All eyes are glued to upcoming US inflation and FOMC outcome that is likely to provide fresh cues on timing of Federal Reserve (Fed) rate cuts.
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