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Aug 30 - 08:55 AM

EUR/USD - Shifting Expectations For Interest Rates Lift EUR/USD

By Jeremy Boulton  —  Aug 30 - 05:50 AM
  • Four of six German states report inflation rising in August

  • U.S. JOLTs data boosts hopes for a peak/pause in U.S. tightening cycle

  • EUR/USD trades 1.0856-88 EBS range on Aug 30

  • Follows 1.0782-1.0892 surge triggered by JOLTs data

  • Close over 21-DMA 1.0904 may excite traders already betting on a rise

  • Topside targets: 1.0960, 1.1021 and 1.1081

  • Euro zone economic sentiment deteriorates in August nS8N385039

  • Business climate -0.33 in August - weakest since Dec 2020

  • EUR/USD traders might bet that September ends with a twist nL1N3AB0E2

Source:
Refinitiv IFR Research/Market Commentary

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