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MNI Highlights - 13th September 2022 (2/2)

MARKET INSIGHT
US DATA: Service CPI Strength Dials Up Pain For Fed



FED: Terminal Rate Seen Above 4.2% In March

GILTS: More talk of green gilt syndication delay - as flagged yesterday

EUR: EUR/USD Cheap To Short Term Fair Value, But Risks Still Loom
  • At face value, the EUR/USD rebound looks to have further to run. The first chart below plots spot EUR/USD against a simple cyclical fair value metric. The fair value metric is made up of the EU-US 2yr swap rate differential and the Citi relative terms of trade indices for the two blocs.
  • https://marketnews.com/eur-usd-cheap-to-short-term...

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