In European trading, the euro fell against the US Dollar, trading below the 1.0470 mark.
The EUR/USD currency pair has declined during the European trading session, as inflation numbers came in line with expectations, which means that the ECB will most likely continue on its projected path of interest rate cuts in 2025. In Europe, CPI Inflation data for January was posted with results in line with expectations (2.5%). In the US, Chicago Fed National Activity for January (0.15 last month) will be released (13:30 GMT).