The post EUR/USD drifts down with ECB on pause and US inflation cools appeared on BitcoinEthereumNews.com.

EUR/USD retreated on Thursday after a busy economic docket on both sides of the Atlantic. A benign inflation print in the US and the European Central Bank (ECB) keeping interest rates unchanged at the last meeting of the year, barely moved the needle for the single currency. At the time of writing the pair trades at 1.1722, down 0.16%. Euro edges lower after a packed data day, with soft US inflation and a steady-handed ECB failing to spark momentum Delayed data from the US revealed that November’s inflation figures, both headline and core, dipped to their lowest level since early 2021, revealed the US Bureau of Labor Statistics (BLS). Even though this opens the door for further ease, a double whammy looms as jobless claims for the last week, improved, exceeding economists’ estimates. Across the pond in Brussels, the ECB held ratees unchanged as expected, and a Bloomberg sources article hinted that the cycle of rate cuts is “most likely over,” read the headline. ECB’s President Christine Lagarde said that the decision was unanimous, and that they would stick to its “meeting-by-meeting approach.” After the data and the ECB’s decision, the EUR/USD remained at around familiar levels, unchanged. Traders focus shifts to the release of the Fed’s favorite inflation gauge, the Core Personal Consumption Expenditures (PCE) Price Index along with the University of Michigan Consumer Sentiment Index for its final release. In Europe, traders would eye speeches of ECB’s Mario Cipollone, Martin Kocher, and Current Account data for October. Daily digest market movers: Thin liquidity keeps the Euro unmoved US inflation cooled further in November, with the Consumer Price Index (CPI) rising 2.7% YoY, easing from 3.0% print in September and undershooting market expectations of a 3.1% increase, revealed the US Bureau of Labor Statistics (BLS). Core inflation, which strips…

---

Filed under: News - @ December 18, 2025 11:29 pm