By Christopher Romano — Sep 16 - 07:30 AM
EUR/USD dipped down to 1.10768 on EBS in Asia, buyers emerged however
US yields US2YT=RR, US$ fell on higher probability Fed cuts 50bps IRPR
DE-US spreads US2DE2=RR traded their tightest since early May 2023
USD/CNH drop to 7.0882, gold XAU= gains helped fuel broad based US$ sales
EUR/USD rallied above the 21-DMA, hit a 6-session high of 1.11293
NY opened near 1.1120, pair traded up +0.40% in early NY
Techs lean bullish; RSI rising, top of bull flag on daily chart pierced
NY Fed's September manufacturing index is a data risk in NY's morning
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Source:
Refinitiv IFR Research/Market Commentary