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Oct 23 - 11:55 AM

EUR/USD - Rate Spreads Signal Downside Risks Ahead Of PMIs

By Justin Mcqueen  —  Oct 23 - 09:35 AM
  • Oil drop (Brent crude -0.8%) provides mild reprieve for EUR/USD

  • However, the pair remains overvalued relative to nominal yield spreads

  • Rising Tsy yields and geopolitical tensions remain favourable to the dollar

  • Key resistance situated at 1.0635 also continues to cap upside

  • EZ PMIs, Q3 bank lending survey and ECB policy decision in focus

  • Particular attention will be placed on the ECB's discussion around PEPP

For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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