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Dec 14 - 03:55 PM

EUR/USD - PPI Stokes Inflation Fears, Wakes Short Ahead Of The Fed

By Christopher Romano  —  Dec 14 - 01:35 PM
  • EUR/USD rallied overnight on US$ sales, 1.1324 hit on EBS into NY open

  • A fall ensues and EUR/USD bears lean on above estimate PPI nL1N2SZ16U

  • Rates EDM2US2YT=RR & US$ boosted on PPI's big upside surprise

  • Oil LCOc1, equity ESv1 drop, EUR/JPY falls to 1280.00 on EBS

  • EUR/USD falls below 10 & 21-DMAs, 61.8% Fib of the 1.0636-1.2349 rally

  • 1.1265 trades on EBS, EUR/USD sits nearby late in the session

  • Inflation concerns, rates reinforce EUR/USD downside risks nL1N2SZ1LL

  • For more click on FXBUZ

eurusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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