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Sep 13 - 07:55 AM

EUR/USD - Pointing To Sept. 6 High But Stumbles At 1.1100

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

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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