Senior Analyst at Danske Bank Mikael Milhoj gives his views on the upcoming US releases and the pair.
“In terms of today’s data calendar, key focus will be on EUR/USD. In our view, we suspect that the cross’ sensitivity to US Core CPI is asymmetric in the sense that a high/consensus print would confirm current market pricing of a December hike, whereas a lower print could shed doubt into markets and send EUR/USD higher”.
“With our consensus call for CPI core, base case remains for only a modest drop in EUR/USD upon release”.
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