EURUSD

The pair faced selling pressure against a strengthened Dollar following Fed Chairman Powell's "hawkish" speech this morning, in which he emphasized the fight against inflation and delayed expectations for interest rate cuts. Throughout the day, the upcoming Eurozone CPI data will be decisive for the dynamics of the Euro; inflation falling below expectations could increase the perception that the European Central Bank is closer to cutting rates, thereby amplifying the weakness in the pair. If the evening's JOLTS data confirms Powell's remarks, it could trigger a new wave of selling in the pair.