EUR/USD rises for the third consecutive session

The Euro fluctuated higher during the Asian session to see its fourth session retreat off its lowest since June 26, 2017 against the US dollar after Fed Governor Jerome Powell comments amid tight economic data on Tuesday. Ahead of the eurozone's economies lack of data and on the verge of economic developments and data expected by the US economy.

At 04:59 GMT, the EUR/USD rose 0.09% to 1.1255, compared to the opening at 1.1245, the pair's lowest during the session, while the pair reached a high of 1.1274.

The markets are now looking forward to the start the Euro Finance ministers' meeting in Brussels, which will discuss many financial issues such as euro support mechanisms and government funding. These meetings are closed to the press, but officials usually talk to the press throughout the day, also all eyes are on the British Parliament vote on the revised plan for the exit of the United Kingdom from the European Union "Brexit".

On the other hand, we followed US' Fed Governor Jerome Powell's brief remarks through a pre-recorded video at the Fair Economy Conference held under the National Alliance, hours after he spoke in CBS 60 minute  interview, in which he talked about interest rates and economic prospects as well as financial stability.

Otherwise, markets are currently looking for the US economy to release inflation data with the release of the Consumer Price Index (CPI), which may reflect 0.2% growth versus stability at zero levels in January, while the core reading of the index itself may show a 0.2% A little change from what it was in January, and the index's annual reading may also reflect growth stability at 1.6%.

The annual Core reading of the CPI may also show a 2.2% growth rate, unchanged from the previous January reading, before we see Federal Reserve Vice President and Federal Open Market Committee member Lael Brainard deliver a speech under the title "Updating the Community Reinvestment Act" at the The NCRC Annual Conference by the Coalition for Reinvestment of National Society.