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Oct 03 - 04:55 PM

EUR/USD - ISM Induced Gains Can't Be Sustained

By Christopher Romano  —  Oct 03 - 01:55 PM
  • EUR/USD hit 0.9754 overnight, downbeat global PMIs nL1N3140X8 weighed

  • NY opened near 0.9775, pair neared 0.9755 then rallied on US data

  • US rates EDH3, US$ falls extended after Sept. ISM mfg miss nN9N2YW007

  • EUR/USD rallied to 0.98445; equity ESv1, commodityLCOc1 gains help buoy

  • USD/CNH drop toward 7.0900, EUR/JPY bounce also helped underpin EUR/USD

  • US$ buying emerged after Europe's close, EUR/USD turned flat & neared 0.9795

  • It's a bearish sign when EUR/USD can't rally with risk markets nL1N31412V

  • For more click on FXBUZ




Source:
Refinitiv IFR Research/Market Commentary

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