EUR/USD Steady Below 1.0900 as Traders Await Key Retail Sales Data
During Asian trading hours, the EUR/USD pair held steady around the 1.0880 level, with the US dollar maintaining strength ahead of the anticipated retail sales data release. Market participants noted that the Greenback faced pressure following the University of Michigan’s report showing a decline in the Consumer Sentiment Index for March. The index dropped to 57.9, its lowest since November 2022, creating uncertainty around the upcoming data and influencing trade strategies. As traders position themselves ahead of the release, attention turns to potential shifts that may arise following the economic insights.