The euro eased against the dollar on Wednesday as investors looked to more labour market data in the U.S. and inflation data in the euro zone to provide clues on the path for central banks policies.
Spain and Germany inflation releases could give some indication on the bloc’s wider numbers due on Thursday. Inflation in Germany’s most populous state North Rhine-Westphalia (NRW) rose by 5.9 % year-on-year from 5.8% in July, supporting expectations that the European Central Bank’s tightening cycle might not end soon.
Source: Devdiscourse
