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Aug 31 - 08:55 AM

EUR/USD - Fails To Get A Boost From Record Euro Zone Inflation

By Martin Miller  —  Aug 31 - 05:40 AM
  • Euro zone inflation hits yet another record high in August nL1N3070JH

  • Solidifying the case for further big European Central Bank rate hikes

  • The bullish dollar nL1N3070JF, however, outweighs the EZ inflation reading

  • The euro slipped back below parity against the dollar nL1N3070JU

  • Wednesday sees it drop from 1.0046 to 0.9974, on the EBS, so far

  • EUR/USD could be on the verge of a bigger technical slump nL1N3070DA

Source:
Refinitiv IFR Research/Market Commentary

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