By Christopher Romano — Oct 23 - 01:40 PM
EUR/USD opened NY near 1.0780 after 1.08065 hit on EBS overnight
Pair's slide then extended to a 3-month low of 1.07613
Wider Fed SRAM26, ECB FEIZ5 terminal rate spreads weighed
Wider DE-US 2-yr yield spreads US2DE2=RR added weight
Gold XAU=, equity ESv1 drops drove investors to safety of US$
EUR/USD bounced off the low, neared 1.0775 late, was down -0.25%
Techs are bearish; RSIs are falling & pair is below 5- & 200-DMAs
Oct. EZ HCOB PMIs, US S&P Global PMIs & weekly claims are risks Thursday
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary