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Sep 20 - 03:55 PM

EUR/USD - Dollar Bulls Loosen Their Grips A Bit

By Christopher Romano  —  Sep 20 - 02:01 PM
  • EUR/USD slide extend in Europe am, hits 20-session low of 1.1700 on EBS

  • NY opens near 1.1715, sinks early, helped lower by USD/CNH lift near 6.4890

  • Equities ESv1, oil LCOc1 drops also weigh down EUR/USD but slide stalls

  • US$, yen buying abate, EUR/USD short covering lifts pair to positive ground

  • EUR/USD nears 1.1740 before pulling back near 1.1725 late in the session

  • Triple threat of risks keep EUR/USD downside potential elevated nL1N2QM12D

  • For more click on FXBUZ

eurusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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