The report highlights the euro's weakness following soft inflation data and provides context for the upcoming US nonfarm payrolls report's impact on Fed policy. It also discusses shifting expectations for central bank rates in the ECB, BoE, and Fed.
Key Takeaways
- 1.Soft Eurozone inflation data and ECB rhetoric are contributing to near-term weakness in the euro.
- 2.The US nonfarm payrolls (NFP) report for June is critical for assessing Fed policy; market participants look for moderation towards 110k jobs.
- 3.Fears of Japanese currency intervention have risen due to reports of shift in tactics to surprise markets.
Table of Contents
- Will the NFP report reinforce USD strength?
- EUR/USD: Softer EZ inflation reinforces downward momentum ahead of NFP
- KEY RELEASES AND EVENTS
- CERTIFICATION
- LEGAL ENTITIES AND BRANCHES
- GENERAL DISCLAIMERS
- COUNTRY AND REGION SPECIFIC DISCLAIMERS
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Authors
Lee Hardman
Securities
EURUSD
Themes
Central Bank Policy ShiftsCurrency Intervention Risk
Regions
EuropeUKUnited StatesJapan