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Aug 29 - 03:55 PM

EUR/USD - Lower After Soft German State Inflation Hints At Softer ECB Rate Path

By Paul Spirgel  —  Aug 29 - 01:35 PM
  • EUR$ -0.36% at 1.1080 in NY afternoon trade, Thursday range 1.1140-1.1056

  • Pair dipped after soft German states inflation, Spanish inflation

  • Lower state inflation hints DE inflation declining; ECB cut odds rise

  • EUR/USD retreat gathers momentum as ECB Oct cut risk rises nL1N3KG0P1

  • LSEG's IRPR indicates ECB -25bp in Sep, further -64bp into YE 2024

  • Fed's preferred core PCE inflation data Friday in focus for policy clues

  • Supt 1.1056 Thurs low, 1.1040 38.2% Fib of 1.0778-1.1202, 1.1012 Aug 19 low

  • Res 1.1111 the 30-HMA, 1.1139 Thursday high, 1.1202 2024 high hit on Aug 26

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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