By Christopher Romano — Jan 17 - 01:44 PM
• NY opened near 1.0305, drop ensued on US$ buys; USD/CNH hit 7.3578
• 1.02658 traded on EBS, buyers emerged, sharp rally took hold
• US$ dropped on report Trump, Xi held an upbeat phone call
• Stocks , yields rallied & USD/CNH fell to 7.3338
• EUR/USD rallied to 1.03308 then turned lower again, neared 1.0280 late
• US$ buys, wider spreads helped EUR/USD trade down -0.20% late
• Monthly, daily dojis imply indecision; falling RSIs are bear signals
eurusd
(Christopher Romano is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters