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Jul 05 - 03:48 PM
EUR/USD - NFP Beat Lifts U.S. Rates, Puts EUR/USD Lows Back In Focus
First appeared on eFXplus on Jul 05 - 01:45 PM
  • EUR/USD weak into close -0.58% at 1.1220; wkly range 1.1371-1.1208 EUR=EBS
  • Euro hit after US NFP beat boost US rate view, Fed cut view pared for July
  • EUR/USD bulls retreat after NFP beat, await upcoming ECB meet
  • ECB cut Jul 25 remains a coin-toss ECBWATCH, 10bp cut seen in Sept 2019
  • Dovish tilt by ECB Jul 25 puts DXY high 98.37 & 1.1105 EUR/USD low in play

EUR Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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