Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Dec 19 - 06:55 AM

EUR/USD - IFO Lifts EUR/USD Before A Reality Check

By Jeremy Boulton  —  Dec 19 - 05:40 AM
  • IFO expectations rise to 83.2 in Dec, beat 82.0 f/c and prior 80.0

  • Expectations still weaker than before Fed began to raise interest rates

  • Expectations were 99.2 in Feb 2022, 85.80 before ECB hiked in July

  • EUR/USD reached 1.0658 after IFO the dropped to 1.0615 EBS

  • Monday's range 1.0582-1.0658 - low in Asia- high in Europe

  • Pair leapt at the start of European trading nL1N3390DO

  • Traders heavily long - profit taking likely weighing nL1N3390D5

  • Potential FX winners and losers during quiet spell next year nL1N3390H7




Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!