Around 1.0830, the EUR/USD trades steady in view of US PPI;

In the Asian session, the EUR/USD pair has remained range-bound at 1.0830. The main currency pair is doing poorly amid uncertainty in the risk environment as US markets restart on Tuesday following a lengthy weekend.

A decrease in the asset’s volatility is anticipated to erupt in the near future. After the United States Producer Price Index (PPI) data is released, investors should be prepared for a power-pack reaction.

More hints regarding inflation estimates will come from a shift in the cost of products and services at factory gates.

The headline factory gate prices of goods and services (Dec) are down from the prior release’s 7.4% to 6.8% on the street.

 Additionally, the core PPI may decrease to 5.9% from the earlier release of 6.2% for a same time period

Since the European Central Bank (ECB) wants to reach the interest rate high by the summer, the Euro is projected to take center stage.

According to a Bloomberg survey, ECB President Christine Lagarde will likely raise interest rates to 3.25%.

To help the ECB reach a terminal rate from the present rate of 2%, the central bank will announce interest rate increases of 50 basis points (bps) in February and March and 25 bps in May.