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Aug 13 - 05:00 AM
EUR/USD - ZEW And U.S. CPI May Weigh EUR/USD But Dips May Be Sought After
First appeared on eFXplus on Aug 13 - 02:40 AM
  • German ZEW at 9GMT is f/c lower to -28.5, smart est weaker still @ -30.8
  • Both would be weakest since December 2011
  • U.S. core CPI f/c unch @ 2.1%. High against backdrop of global softening
  • Combined logically to weigh EUR/USD but traders short, profit taking likely
  • Will to buy dips likely to intensify if risk aversion keeps rising
  • Traders likely to par existing bets, support for euro as safe asset to grow

ZEW survey Click here

Source:
Refinitiv IFR Research/Market Commentary

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