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Jun 23 - 09:55 PM

EUR/USD - Circumspect Start To Busy Week Of Politics And Data

By Krishna K  —  Jun 23 - 09:25 PM
  • EUR/USD on the defensive in Asia after closing 0.1% lower Friday

  • Weighed down by diverging rate stance between Fed and ECB

  • Expectations of ECB rate cuts rise on weaker than expected Europe data

  • Fed likely to remain patient on rates as U.S. economy outperforms

  • Traders brace for first round of France snap election on June 30

  • U.S. core PCE price index, June CPI for France, Italy, Spain key Fri

  • Support 1.0670-75, 1.0650, resistance 1.0720, 1.0750

  • Friday global range 1.0720-1.0671

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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