– USDAsia nudged lower, equities mixed
– ADP suggests upside risk to nonfarm payrolls
– We recommend long TRYILS with a target at 2.30 and stop loss at 2.12
What to watch for today
EUR: Peripheral update. We expect no revision to the 45.3 euro area PMI reading today. Focus will be on the country-specific reports for the peripheral economies that have not previously reported flash estimates. With PMIs remaining at very weak levels in the euro area, market pricing for further ECB easing and concerns about the inability to meet budget targets are likely to continue to limit EUR upside.
Click here to read the full report: FX Daily
Credit Suisse