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TDUX
Oct 15 - 06:55 AM
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EUR/USD - Oil's Slide And Bond Rally Could Give EUR/USD A Bigger Lift

By Jeremy Boulton  —  Oct 15 - 04:38 AM

• Brent Crude down 2.1% at $103.83 per barrel

• US/German 10-year spread narrows to 170bps

• French/German 10-year tighter at 137 bps

• US 10-year yield down 24 bps to 5.08% since Wednesday

• Treasury short squeeze could hit dollar hard

• Oct 6/7 highs 1.1276/62 looking key after early rise to 1.1241

• 1.1320 is target for minor correction of drop led by US rate rise

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EURUSD


(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters
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