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Oct 02 - 08:55 PM

EUR/USD - Recovers After Early Drop, Consolidation Likely In Asia

By Krishna K  —  Oct 02 - 07:10 PM
  • EUR/USD unchanged from NYK Friday close after recovering from early 0.2% dip

  • EZ inflation surges in Sep, supports expectations of another jumbo ECB hike

  • Hits record high 10.0%, underlying inflation also surges nL8N3112JR

  • Elevated US yields, hawkish Fed expectations to cap rallies nL1N3111FP

  • Asia Mon range a quiet 0.9774-0.9805 after the wide 0.9734-0.9854 range Fri

  • Russian Deputy PM says restoration of Nord Stream possible- TASSnL1N313081

  • Support 0.9770-75, 0.9735-40, resistance 0.9855-65, 0.9890-0.9900

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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