Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Feb 24 - 07:55 AM

EUR/USD - Sinks To 7-Week Low Ahead Friday's Big Event

By Jeremy Boulton  —  Feb 24 - 05:45 AM
  • EUR/USD sinks to 1.0577 lowest since 1.0482 Jan 6 (2023 low)

  • Expectations for robust U.S. data at 13.30GMT influencing traders

  • U.S. personal income seen rising 1% mm in Jan (f/c range 0.3-1.7%)

  • If f/c met will be biggest rise in income since July 2021

  • Consumption eyed 1.3% mm - highest since Jan 2022

  • Consumer spending accounts for more than 2/3 U.S. economic activity

  • Core PCE seen 4.3% yy from 4.4% - far above Fed's target (range 4.2-4.5%)

  • Friday's data might drive EUR/USD to base future ranges nL1N3540N6



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
!