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Apr 18 - 03:55 PM

EUR/USD - Shorts Lean On US Yield, Dollar Gains

By Christopher Romano  —  Apr 18 - 02:00 PM
  • EUR/USD drifted up in European trade, NY opened near 1.0800, lift extended

  • 1.08145 hit on EBS, sellers emerges as US interest rates rally & remain firm

  • US 10-yr yieldUS10YT=RR hits a 3-1/2 year high, Eurodollars EDM3 sink

  • US$ rallies broadly, USD/CNH nears flat after trading lower in Europe's am

  • EUR/USD falls to 1.0770 in NY, almost no bounce seen, near 1.0780 late

  • Techs are bearish; RSIs falling and pair trades below the falling 10-DMA

  • EUR/USD downside risks remain despite tight ranges nL2N2WG0QH

  • For more click on FXBUZ



eurusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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