Euro: Benefits from US Dollar weakness – DBS

Chang Wei Liang at DBS Group Research highlights that EUR/USD has rallied toward 1.17, with the Euro the main beneficiary of Dollar softness. July Eurozone CPI matched expectations for both headline and core, reinforcing market conviction in a European Central Bank rate hike in September, with around 26 basis points priced and a very high implied probability.

Eurozone inflation supports ecb pricing

"EUR/USD rallied towards 1.17, with EUR being the prime beneficiary of USD weakness."

"Eurozone’s July CPI came in line with expectations yesterday, with both headline and core inflation matched consensus of 2.9% y/y and 2.5% y/y respectively."

Аналитика TMGM: новости финансовых рынков, экономический календарь и рыночные инсайты

"This has entrenched expectations of an ECB rate hike for Sep, with markets pricing in a 26bps hike with over 90% probability."

"On the other hand, the Fed’s next rate move is less clear given recent economic data softness, and upcoming mid-term elections in November."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)

РЫНОЧНЫЕ КОТИРОВКИ

Название / Символ
График
% Изменение / Цена
GBPUSD
Изменение за 1 д.
-0.61%
1.33459
EURUSD
Изменение за 1 д.
-0.48%
1.11657
USDJPY
Изменение за 1 д.
+0.42%
158.835
AUDUSD
Изменение за 1 д.
-0.71%
0.68633