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EUR/USD could trade back up to the 1.0480/1.0500 area again – ING

The highlight of the eurozone data calendar this week will be November price figures. EUR/USD registered its highest weekly close since late June at 1.0402 and could test the 1.0480/1.0500 region, economists at ING report.

Waiting for the next inflation print

“The question is whether inflation will fall back from the highs (not far from 11% year-on-year) and allow the European Central Bank to potentially soften its hawkish rhetoric a little. Currently, the market prices a 62 bps rate hike on 15 December.” 

“We cannot rule out EUR/USD trading back up to the 1.0480/1.0500 area again (though the reasons for that are far from obvious) but reiterate that the second half of the week could potentially push EUR/USD back to the 1.02 area.”

 

FX option expiries for Nov 28 NY cut

FX option expiries for Nov 28 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.0250 2.0b 1.0300 737m 1.0400 1.6b 1
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China’s Finance Ministry: Will extend tariff exemptions on some US products

China’s Finance Ministry said on Monday that they will extend tariff exemptions on some imported products from the United States until May 31 next yea
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