Weaker-than-expected US inflation data led markets to scale back expectations of an imminent Federal Reserve rate hike. At the same time, escalating US-Iran tensions continue to sustain inflationary concerns. The United States has launched several strikes against Iran this week, while Tehran has responded with attacks on US bases in neighbouring countries. US consumer inflation […]The post EUR/USD Subdued by Data: Chances of Fed Rate Hike Diminish appeared first on ActionForex.