Euro climbs against greenback

The EUR/USD is climbing on Tuesday, rising over 1.8% from bottom to top as the Euro  finds a firm bid against the US Dollar which may be the beggining of a major uptrend

US Consumer Price Index (CPI) inflation broadly came in below expectations, giving investors hope that price growth is cooling enough in the US domestic economy to push the Federal Reserve (Fed) towards a rate cut cycle sooner rather than later.

Month-over-month headline US CPI in October printed at a flat 0.0%, declining from September's 0.4% and missing the median market forecast of 0.1%. Annualized inflation for the year into October also missed the mark, printing at 3.2% against the previous period's 3.7% and coming in below the forecast 3.3%.

Pan-EU Industrial Production for September is expected to come in on the downside early Wednesday, forecast to decline to -0.7% against the previous month's 0.6%.

US data is set to rule the charts heading into the mid-week with US Producer Price Index (PPI) and Retail Sales on the data docket for Wednesday.The headline US PPI Core numbers for October are expected to hold steady for the year into October, forecast to print steady at 2.7%. Meanwhile, Retail Sales for October are expected to pull back sharply, forecast to come in at -0.3% compared to September's 0.7%.