By Christopher Romano — Aug 09 - 01:25 PM
NY opened near 1.0975 after pair rallied overnight, pair slid early
1.0963 hit on EBS on risk-off; USD/CNH rallied off low, stocks ESv1 fell
US$ buying abated however & UST yields softened a bit, EUR/USD lifted
Rally extended after US$ slid following the UST 10-yr auction results
EUR/USD rallied above the 10-DMA & trend line off July's high, 1.0990 hit
Pair traded up +0.29% late in the session as investors await key US data
July CPI due Thursday & July PPI due Friday, may impact overall risk
Downside surprises may sink US$, US yields as Fed may lean less hawkish
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary