Euro loses ground, although Germany reports steady inflation; traders await the ECB’s decision.
Business Optimism Index in the US climbs to 101.7, marking the highest since June 2021. Traders await upcoming US CPI data, searching for clues about the Fed’s December decision. Meanwhile, the Business Optimism Index in the US surged to its highest level since June 2021. The EUR/USD trades at 1.0519. EUR/USD drops amidst high US business confidence, anticipation of ECB rate cuts The National Federation of Independent Business revealed that small businesses grew optimistic about the economy, with the index coming at 101.7, exceeding forecasts of 95.3 and 93.7 in October. Market participants mainly ignored the data, as the EUR/USD slipped below 1.
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