By Paul Spirgel — Aug 30 - 01:35 PM
GBP$ dipped 0.37% to 1.3120 by NY afternoon; NorAm range 1.3186-10
UST yields rise, Fed rate cut odds slip after in-court PCE price data
Sterling slips after US PCE, consumption data tempers dovish tones
UMich Sentiment/conditions/expectations rise adds to USD allure
Supt at 1.3110 Fri low, 1.3077 Aug 22 low, 1.29067 50% Fib of 1.2666-1.3269
Res 1.3149 rising 200HMA, 1.3200 Friday high, 1.3269 2024 high hit on Aug 27
Next Friday's U.S. payrolls in focus for clues to Fed policy path
Source:
Refinitiv IFR Research/Market Commentary