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Jul 27 - 04:55 PM

EUR/USD - REFILE-BUZZ-EUR/USD-Dollar Bulls Stumble During Powell's Presser

By Christopher Romano  —  Jul 27 - 03:05 PM

Adds EUR/USD chart

  • EUR/USD limped higher in Europe, pair spiked up to 1.0172 on EBS in early NY

  • Lift aided by equityESv1, commodityHGv1 gains & EUR/JPY rally to 139.075

  • Pair then fell; US$, yen buying emerged, 1.0097 intra-session low hit on EBS

  • Pair bounced sharply, turned positive and sat near 1.0125 ahead of the Fed

  • Fed hikes 75bps, makes note of some weakness in the economy nL1N2Z71DY

  • US$ spiked down after the statement, EUR/USD rallied towards 1.0160

  • Some comments from Powell presser taken dovishnW1N2WO02D; US$ & rates fall

  • EUR/USD pierced the 21-DMA then hit 1.0212 on EBS late in the session

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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