EURUSD Holds Above 1.1600 Despite US CPI, Fed Rate Hike on the Horizon

EURUSD gained above 1.1600 despite strong US CPI data. The pair hit an intraday low of 1.15691 and is currently trading around 1.16003.
August 2026 US CPI came out as expected: headline +0.4% month over month and +3.4% year over year; core
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