EUR/USD to enjoy a deeper recovery on a break above 0.9945 – BBH
|EUR/USD traded as high as 0.9905 today. The pair could rally towards 1.02 on a break past 0.9945, economists at BBH report.
ECB tightening expectations have fallen in recent days
“Break above 0.9945 would set up a deeper recovery to the September 12 high near 1.02.”
“The eurozone reported August PPI. It came in a tick higher than expected at 43.3% YoY vs. a revised 38.0% (was 37.9%) in July. After some relief in May and June, PPI inflation has resumed climbing to new record highs and points to continued upward pressure to CPI. However, ECB tightening expectations have fallen in recent days.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.