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Sep 01 - 02:55 AM

EUR/USD - Eyes Tug-Of-Wary Near Parity

By Catherine Tan  —  Sep 01 - 02:30 AM
  • EUR/USD hovers above parity into early European trades

  • Pair last at 1.0014-18, traded amid 1.0006-1.0055 range in Asia

  • Fresh rally in DXY above 109.0, hawkish talk from Fed's Logan adds support

  • Fed's Logan says restoring price stability is No. 1 priority nS0N2YH09J

  • DXY last at 109.07, traded between 108.85-109.13 so far

  • Ahead of NFP, eyes on initial jobless claims and Aug ISM manufacturing data

  • Fed's Bostic (historically hawkish) to speak at 20:30 BST

  • EUR/USD risks crack at 1.0, next support at lows above 0.99

  • Resistance at 1.0065, 1.0100, stops cited above

  • Hawkish ECB expectation next week, talk of bids at 1.0 support for now

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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