EUR/USD Advances 0.41% to 1.1466 on Softer US Inflation Data

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The EUR/USD advanced some 0.41% on Wednesday, trading at 1.1466 after US inflation data came in softer than expected. The softer inflation figures weighed on the Greenback as market participants anticipate a less hawkish Federal Reserve. The pair is now approaching the 1.1600 level, with the Relative Strength Index shifting into bullish territory.

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