EUR/USD holds near 1.0900 after the German Buba Monthly Report

At the start of the week, the EUR/USD is gaining traction after six consecutive days of losses, trading near 1.0900. The German Buba Monthly Report sh

owed risk inflation which fueled a rise in German yields on hawkish bets on the European Central Bank . Additionally, investors await the Jackson Hole Symposium on Thursday, in were Jerome Powell and ChristineThe German Buba Monthly Report showed that inflation could persist above the central bank's targets for longer. In that sense, upside inflation risks made investors place hawkish bets on the European Central Bank , causing the Germanfor 2,5 and 10-year yields to rise to 3.10%, 2.

In that sense, those hawkish bets makeFor the US side, the USD measured by the DXY index is trading flat as investors await S&Pdata on Wednesday and Jerome Powell’s speech at Jackson Hole Symposium, where investors will look for clues regarding forward guidance. As for now, markets are discounting that the Federal Reserve won’t hike in September and nearly 40% probability of a 25 basis point hike in November. Observing the daily chart, the outlook remains neutral to bearish for the EUR/USD.

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