The primary currency pair on Wednesday appears more assured compared to yesterday. The current EURUSD exchange rate stands at 1.0763.
While the US dollar continues to hover near its three-month highs, its aggressive stance has softened. With a nearly 1.5% decrease over two days, it is time to pause.
Declining yields on US treasury bonds are alleviating pressure on the EURUSD pair.
Retail sales in the eurozone declined by 0.8% y/y in December following a 1.1% y/y drop the previous month, contrary to a forecasted more substantial decrease. This may serve as a localised inflationary indicator. Such developments represent a subtle negative for the EUR.
Little significant statistical data is being released presently. Today, attention should be directed towards December's US trade balance report.