May 29, 2024 12:07 GMT
Firming Off Lows Persists as EUR Shrugs Off German CPI
EUR
- EUR/USD maintained the bounce off lows on the back of that German national inflation print - which possibly disappointed those looking for a miss of a greater magnitude on the back of this morning's regional prints. EUR/USD is back to square one and broadly unchanged on the day - helped by the recovery off lows for EUR/GBP: the cross trades back in positive territory despite breaking to new multi-year lows of 0.8484 earlier today.
- EUR/USD now trades within range of more sizeable options interest today at: $1.0850-55(E750mln), $1.0875(E1.53bln).
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