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Aug 07 - 11:55 PM

EUR/USD - Moving Lower As Broad USD Strength Dominates In Asia

By John Noonan  —  Aug 07 - 10:05 PM
  • USD moving higher across the board led by USD/JPY and USD/CNH

  • USD/CNH is over 0.30% high despite low PBOC USD/CNY fix nL1N39P03C

  • USD/JPY up over 0.55% as importer demand underpin

  • EUR/USD down 0.20% below 1.0980 with support @ yesterday's 1.0966 low

  • A break below 1.0960 targets 1.0925/30 where the 55 & 100-day MAs converge

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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