Core Viewpoint - The euro against the US dollar has declined despite better-than-expected inflation data from the Eurozone, indicating that the market may be focusing on other factors rather than the inflation increase [1] Inflation Data - Eurozone's inflation rate accelerated to 2.1% in August, surpassing the market expectation of 2.0% [1] - Core inflation remained at 2.3%, slightly above the expected 2.2%, while service sector inflation showed signs of slowing down [1] Market Reaction - Following the inflation data release, the euro fell by 0.6% to 1.1636 USD, down from approximately 1.1644 USD before the announcement [1] - The market anticipates that the European Central Bank will maintain interest rates at its policy meeting on September 11 [1] Technical Analysis - The primary support level for the euro against the dollar is the 100-day simple moving average (SMA) at 1.1502 [1] - If this support is breached, subsequent support levels are the August low of 1.1391 (August 1) and the weekly bottom support of 1.1210 (May 29) [1] - Momentum signals are mixed, with the Relative Strength Index (RSI) slightly above 50 indicating a mild upward bias, while the Average Directional Index (ADX) below 11 suggests a weak trend strength without a clear direction [1]
通胀超预期难挽欧元颓势 市场笃定欧央行按兵不动
Jin Tou Wang·2025-09-03 03:15