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Oct 04 - 11:55 AM

EUR/USD - Dollar Boosted A Bit On ISM Non-Mfg PMI

By Christopher Romano  —  Oct 04 - 10:10 AM
  • Sept ISM non-mfg PMI down to 53.6 from 54.5 in Aug & against f/c 53.6

  • Prices paid components 58.9 vs prior 58.9, employment 53.4 from 54.7

  • US yields US10YT=RR, US$ lift due to sticky prices paid component

  • EUR/USD erased the early NY gains, fell to 1.0492 on EBS, was up +0.25%

  • Bids near the October 3 daily high help to stem the slide

  • Rising daily RSI should give some encouragement to EUR/USD longs

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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