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Aug 09 - 04:55 PM

EUR/USD - Upward Momentum Stalls As CPI Risk Is Now In Focus

By Christopher Romano  —  Aug 09 - 01:50 PM
  • EUR/USD rallied to 1.0248 in Europe but upward momentum couldn't persist

  • US yield US2YT=RR gains, slide in equitiesESv1, commoditiesLCOc1 weigh

  • US$, yen lifted; USD/CNH bounced off low, EUR/JPY fell from 138.295 EBS high

  • EUR/USD fell toward the 10-DMA, sat near 1.0210 late in the session

  • US July CPI risk looms & is likely to drive the next EUR/USD move

  • EUR/USD bears need an upside surprise from US CPI nL1N2ZL10Q

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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