EUR/USD holds steady near 1.0995 in the early European session as traders await key economic data from the Eurozone and US:
💥US PPI rose 2.2% YoY in July, below expectations.
💥Core PPI increased by 2.4%, softer than forecasted.
💥Markets expect a 25 bps Fed rate cut in September, data-dependent.
💥Eurozone Q2 GDP expected to grow 0.3% QoQ, 0.6% YoY.
💥Economists predict two more ECB rate cuts this year, capping the Euro’s downside
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