By Peter Stoneham — Sep 13 - 06:30 AM
Broadly softer dollar after WSJ/FT articles discussing a Fed 50pt cut
Latest speculation in the Fed outlook brings a shift in rate expectations
EUR/USD set for back to back daily gains with an eye on 1.1155, Sept. 6 high
Early Monday action just nudges the EUR above 1.1100 but offers emerge
Not a major rejection at the figure and an early NY rally above the risk
Option expiries close to mkt at 1.1095-00-1.1120-25, E500mln and ER1.8bln
Spot below 1.1000 to negate current bull move
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Source:
Refinitiv IFR Research/Market Commentary