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Jun 27 - 05:00 AM
EUR/USD - Big Leap For Saxony CPI Could Spark EUR/USD Rally
First appeared on eFXplus on Jun 27 - 03:25 AM
  • EUR/USD higher in the wake CPI data that suggests ECB expectations overdone
  • Saxony CPI 1.8% from 1.4% closer to ECB target nS8N23R009
  • Currently traders see 40% chance of 10bp ECB cut in July ECBWATCH
  • Expectations seem a big stretch compared to Saxony data
  • 200-DMA @ 1.1344 underpins EUR/USD. After data risks lie higher again
  • State CPI & EZ sentiment key today but huge expiries may anchor

Source:
Refinitiv IFR Research/Market Commentary

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