Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Oct 23 - 03:55 PM

EUR/USD - Rate, Yield Differentials Help Keep Downward Pressure In Place

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

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!