Core CPI

EUR/USD remained under pressure near 1.1593 as traders assessed soft US private payrolls data and looked ahead to the official nonfarm payrolls release. Technical traders are watching a bearish flag structure, with 1.1500 emerging as a key downside level and 1.1655 as an upside marker.

AUD/USD remains range-bound as tame U.S. inflation data lowers expectations for a September Federal Reserve rate increase. Middle East uncertainty and oil prices near their August high are limiting enthusiasm for risk-sensitive currencies.

AUD/USD remains stuck in consolidation after tame U.S. inflation data reduced expectations for a September Federal Reserve rate increase. Middle East uncertainty and oil prices near their August high continue to limit appetite for risk-sensitive currencies.

U.S. inflation matched market expectations in July, with headline CPI rising 3.4% year over year and core CPI cooling to 2.5%. Bitcoin briefly dipped after the release but stabilized near $64,000 as Treasury yields remained under pressure.

U.S. inflation came in well below expectations in June, easing pressure on the Federal Reserve to move quickly on interest rates. Bitcoin extended gains after the data, while stock futures rose and Treasury yields fell.