By Rob Howard — Oct 03 - 03:40 AM
Cable hit 1.2061 in Asia after extending south from 1.2220 (Monday's high)
1.2061 is lowest level since March 16 (1.2050 is an option barrier level)
Dollar supported by scope for another Fed rate rise in November or December
On Monday, Mester said she suspects Fed may need to hike before year-end
1.2100 (ex-support point) is now a resistance level (1.2111 was Sept 27 low)
US Aug JOLTS data due at 1400 GMT; 8.8M f/c. US Sept jobs report due Friday
Source:
Refinitiv IFR Research/Market Commentary