EUR/USD Holds Steady as Traders Anticipate Key Economic Data
EUR/USD remains below the 1.0500 mark, trading around 1.0480 during the Asian market hours on Wednesday. The recent losses have not deterred traders as they await crucial economic indicators from the U.S. The market anticipates the release of the Personal Consumption Expenditure (PCE) Price Index and quarterly Gross Domestic Product Annualized data. These upcoming reports could significantly influence market movements and investor sentiment. Staying informed about these economic releases is essential for forex traders planning their next moves. Prepare for potential volatility as data is unveiled later in the day.