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Nov 17 - 04:55 PM

EUR/USD - Yield Spreads Can't Knock Bulls Off Track

By Christopher Romano  —  Nov 17 - 01:35 PM
  • NY opened near 1.0860 after 1.0825 hit on EBS overnight, rally extended

  • 1.0896 hit despite US yield US2YT=RR, US10YT=RR lift after housing data

  • Wider German-US 2-year spread US2DE2=RR could not deter EUR/USD bulls

  • Broad based US$ sales, EUR/JPY rally off its 162.19 EBS low buoyed EUR/USD

  • EUR/USD traded up +0.35% late in the session which helped techs lean bullish

  • Consolidation of gains, RSIs, hold above 200-DMA highlight upside risks

  • November German Ifo and EZ mfg, non-mfg PMIs will be key risks next week

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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