• NY opened near 1.1560 after 1.1507 trded overnight, action was choppy early on
• Pair then dipped lower as US$ stayed firm and risk-off sentiment peristed
• Risk sentiment then improved however which began weighing down the dollar
• USD/CNH fell toward 6.9070 while stocks rallied towards flat
• Oil's sharp drop from overnight highs & lifts for gold & silver helped buoy risk
• EUR/USD rallied to 1.1600 then neared 1.1580 late, was down only -0.31% late
• Daily, monthly RSIs are falling but a daily bull hammer
candle formed
eurusd

(Christopher Romano is a Reuters market analyst. The views
expressed are his own)








