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EUR Fade Gathers Pace as ECB Pricing Nears Week's Lows

EUR
  • EUR move is gathering pace with support in EUR/JPY at 140 giving way, as well as the 100-dma long-held support in EUR/GBP at 0.8768. This marks a significant bearish break for the cross and puts prices within just a few pips of a fresh YTD low.
  • Currency is following EUR rate expectations to a tee here, with March meeting-dated OIS at a new daily low of +34bps at typing.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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