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. Read The Rest at :
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