EUR/USD Inches Higher Near 1.1830 Ahead of Eurozone Inflation Data The EUR/USD pair edged upward toward 1.1830 during Wednesday’s early European session. However, further gains may be capped as market participants weigh the resolution of the brief US government shutdown. Investor focus is now shifting toward the upcoming preliminary Harmonized Index of Consumer Prices (HICP) report from the Eurozone.
On the US side, the Greenback found stability after President Donald Trump signed legislation to end the three-day shutdown, following a narrow 217-214 House vote. Additionally, the nomination of Kevin Warsh as the next Federal Reserve Chair has helped soothe market anxieties regarding US fiscal health and central bank autonomy.
Looking ahead, the European Central Bank (ECB) is anticipated to hold rates steady for the fifth consecutive time this Thursday. Markets will be listening intently to President Christine Lagarde’s press conference; any hawkish signals could provide the Euro with fresh momentum. Swedbank economist Nerijus Maciulis noted that while the Eurozone economy is stable, “the first weeks of 2026 have clearly illustrated that trade deals and agreements remain very fragile.”
