By Paul Spirgel — Sep 27 - 11:35 AM
EUR$ slid from NorAm high 1.1203, falling to 1.1170 by the European fix
The pair rallied near its 2024 high 1.1214 after soft U.S. PI, consumption
Rise on falling UST yields pared as mkts see rising odds for Oct ECB cut
Soft France and Spain inflation prints seen supporting Oct ECB cut
Big banks add October cut to ECB forecasts nL8N3L912H
Consolidation of gains off Sept. 11 low, rising RSIs are bullish signals
GBP$ supt 1.1147 the 200-HMA, 1.1125 Friday low, 1.1111 30-DMA
Res 1.1203 Friday high,, 1.1214 2024 high on Wednesday, 1.1240 Jul 19 2023 high
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Source:
Refinitiv IFR Research/Market Commentary