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Aug 30 - 04:55 AM

EUR/USD - Sideways, Awaits CPI; More ECB Speeches

By Catherine Tan  —  Aug 30 - 03:10 AM
  • EUR/USD sideways after bounce overnight, but capped below parity

  • Pair underpinned by hawkish ECB expectations, focus on German, Spain Aug CPI

  • A hot CPI may lift EUR further on expectation ECB will hike 75bps next week

  • Forecast for German CPI at 7.8%y/y; HCIP f/c 0.4%m/m, 8.8% y/y nIfp6Kmmbt

  • Also Eurozone Aug econ conf at 0900 GMT, ECB policy maker Vasle's comments

  • Vasle to speak at 1115 GMT, with more ECB speakers eyed from 1600 GMT

  • EUR/USD last at 0.9991, traded btw 0.9985-1.0010 range so far

  • Supports at 0.9980 5dma, 0.9940; 0.9900; resistance 1.0030, 1.0050, 1.0090

  • DXY stays firm at 108.75, traded amid 108.61-108.90 range in Asia

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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