实现合意的制造业外移_特别报道_《财经》杂志_杂志频道首页_财经网 - CAIJING COM CN caijing.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from caijing.com.cn Daily Mail and Mail on Sunday newspapers.
6/2/2021 1:13:46 AM GMT | By Anil Panchal
EUR/GBP seesaws in a choppy range following the previous day’s jump to weekly top.
Concerns over Brexit, covid and sluggish market sentiment test the bulls.
German Retail Sales, ECB’s Lagarde eyed for fresh impulse.
EUR/GBP bulls lack ammunition to extend the previous three-day run-up while taking rounds to 0.8630-35 during early Wednesday. The cross-currency pair jumped the most in a month the previous day amid broad GBP selling and upbeat European data. However, the recent consolidation of the market sentiment and a quiet session restrict the pair’s immediate upside.
A strong print of Eurozone CPI, 2.0% YoY for May, joined the reduction in the Unemployment rate and upbeat German Manufacturing PMI to back the Euro (EUR) bulls the previous day. Also adding to the regional currency’s strength was the US dollar’s broad weakness amid a jump in the US 10-year Treasury yields.
欧美英制造指数新高 亚洲复苏显疲态 | 中國報 China Press chinapress.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinapress.com.my Daily Mail and Mail on Sunday newspapers.
6/1/2021 1:01:11 AM GMT | By Anil Panchal
EUR/GBP refreshes intraday low during the first selloff in three days.
GBP bulls cheer unlock optimism, EUR bears the burden of USD consolidation.
Market sentiment dwindles, Treasury yields jump with eyes on full markets.
UK PMI, Eurozone CPI will be the key catalyst, risk-related news are also important.
EUR/GBP begins June on a back foot as mixed catalysts and cautious sentiment ahead of the key data probe buyers after two-day upside. That said, the quote stands on the slippery ground near 0.8595, down 0.08% intraday amid Tuesday’s Asian session.
An uptick in the US 10-year Treasury yields to 1.61% could be traced as the frontline catalysts to help the US dollar bounce and weigh on the European currency (EUR). Also acting as the key factor is the market’s fears of strong EU inflation pushing the ECB to ease their rejection of tapering. Behind the moves could be the recent uptick in the G