By Rob Howard — May 04 - 03:40 AM
There is a 2.5 billion euro 1.1100 option expiry for Friday's 10am ET NY cut
Big 1.1100 expiry today too. 1.1100 is also a mooted option barrier level
EUR/USD was last at 1.1100 in March 2022 (1.1096 was EBS high last week)
Offers pre-1.11 capped EUR/USD gains on Wednesday (post-Fed) and in Asia
EUR/USD might vault 1.1100 if ECB raises rates by 50 bps at 1215 GMT
25 bps ECB hike is consensus expectation. US NFP data due Friday; 180k f/c
Source:
Refinitiv IFR Research/Market Commentary