EURUSDEuro / US Dollar
1.1631
-0.73%
SUPPORT:1.15971.1529
RESISTANCE:1.16651.1733
Past
What happened
EUR/USD closed Friday at 1.1631, down 0.7% on the week after a 1.4% monthly PPI shock pushed the dollar bid; no fresh weekend tape but US10Y still parked at 4.59%.
Why
Why it matters
The euro is caught between an ECB still priced for a hike path and a US 'higher-for-longer' trade that's been re-armed by Friday's PPI — until that gap resolves, every dollar bounce is a sell-the-rip into yields.
Watch
What to watch
1.1565 remains the line; a hold opens 1.1700, a break exposes 1.1500. Warsh's first public remarks as incoming Fed chair this week are the binary catalyst.
HEADLINES