By Peter Stoneham — May 06 - 04:50 AM
EUR back at 1.0775 from 1.0750 early low and 1.0764 Friday close
Thin market in Europe with London out: could favour the EUR
Yields spreads tighten, 10yr UST -2bp 4.4975% and 10yr bund -1bp 2.4990%
ECB is 'most likely' to cut rates three times in 2024 - ECB's Stournaras
ECBWATCH agrees - it prices 71.83bp in cuts by the December 12 meeting
EUR/USD looks constructive: risk of a return to the 200DMA, 1.0797
Larger option expiries for today's cut: EUR5 bln between 1.0645-1.0750
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary