By Jeremy Boulton — Jul 13 - 03:00 AM
A parity break was prevented by the successful defence of option barriers
Only barriers close to their expiry are worth defending
The may have already rolled off or will do very soon
There is little chance of barriers to defend on a daily basis
With barriers removed there is a high probability of a break
Today's U.S. CPI data is a likely trigger for a break nL1N2YU0BP
Next target for drop driven by U.S. policy is 0.9828
Source:
Refinitiv IFR Research/Market Commentary