Euro Under Pressure Ahead of U.S. Inflation Data

The euro is losing major ground against the greenback ahead of the release of major U.S. data Thursday.The euro has broken through the key 1.32 support level and U.S. equity futures are retreating ahead of the release of U.S. inflation, to be released at 8:30 a.m. EDT.Ashraf Laidi, senior market strategist from CMC Markets said markets could be disappointed if the data shows that inflation is not falling. Economists are forecasting a drop in headline CPI -