• EUR/USD has slipped below 1.0900 amid a risk-off market mood due to geopolitical tensions.
• Mounting expectations for a higher US core CPI are supporting the USD Index.
• Contracting Eurozone Retail Sales would be insufficient to back a neutral stance for the upcoming ECB monetary policy meeting.

The EUR/USD pair has surrendered the round-level support of 1.0900 in the Asian session. The major currency pair has attracted significant offers as investors are getting anxious ahead of the release of the United States Inflation data. The release of the US inflation is expected to provide clear guidance about interest rates from the Federal Reserve (Fed).

S&P500 futures have shifted into a negative trajectory amid geopolitical tensions. Grudges between China and Taiwan have deepened further and the Chinese military has enforced 58 aircrafts surrounding Taiwan Island, as reported by the Taiwan ministry. A weak appetite for risk-perceived assets is indicating a risk aversion theme in the current scenario.