Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jul 12 - 09:55 PM

EUR/USD - Holds Minor Gains After Surviving Initial Parity Test

By Krishna K  —  Jul 12 - 08:45 PM
  • EUR/USD holds above parity as bears pause ahead of crucial U.S. CPI Wed

  • Tepid bounce from overnight low at 1.00005 seen on paring back of shorts

  • Rallies capped on expectations Fed will hike rates faster, further than ECB

  • Fears Europe energy crisis would lead to recession continue to weigh on EUR

  • German investor sentiment dips lower than at start of pandemicnL8N2YT2FV

  • Below 1.0000 opens ratchet to 0.9860 Dec 2002 low; resistance 1.0075, 1.0125

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!