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May 31 - 06:55 AM

EUR/USD - Eurozone Inflation Rockets Lifting EUR/USD Off The Low

By Jeremy Boulton  —  May 31 - 05:40 AM
  • Eurozone HICP surges to 8.1% yy in May

  • HICP was 7.4% in April and was forecast 7.7% in May

  • 8.1% was the peak of the 7.2-8.1% range of expectations

  • Just ahead data ECB's Visco says rate hikes must be gradual nL8N2XN2C4

  • Futures imply deposit rate will rise to 0.50 bps by year-end

  • Today's range 1.0721-1.0777 with pair inching higher to 1.0739 after data

  • EUR/USD has slipped since hitting a vital tech level yesterday nL1N2XN08P

  • FX traders should consider the extremes they are witnessing nL1N2XN0BQ


EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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