EUR/USD still glued to 1.14
Bessent 'wouldn't be surprised' by good payrolls
Not a huge amount doing as EUR/USD finds itself hugging 1.14 rather effectively into expiries. The German HICP data confirmed the downside surprise implied by the earlier state inflation figures and capped out what has been a morning of softer EZ inflation prints.
On the other side, slightly eyebrow-raising comments from US Treas. Sec. Bessent that he ‘wouldn’t be surprised if June jobs are very strong’. Adds that he hasn’t seen the report. But still, it is the sort of remark that will have the market leaning defensive into the key data regardless. Tends to keep the market focus trained on that key event later in the week.