EUR/USD to enjoy a deeper recovery on a break above 0.9945 – BBH EURUSD Banks
traded as high as 0.9905 today. The pair could rally towards 1.02 on a break past 0.9945, economists at BBH report.“Break above 0.9945 would set up a deeper recovery to the September 12 high near 1.02.”reported August PPI. It came in a tick higher than expected at 43.3% YoY vs. a revised 38.0% in July. After some relief in May and June, PPI inflation has resumed climbing to new record highs and points to continued upward pressure to CPI.
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