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Oct 30 - 05:55 PM

EUR/USD - USD Broadly Forms Early Asia On Hawkish WSJ Article

By John Noonan  —  Oct 30 - 04:45 PM
  • EUR/USD trading around 0.9950 after closing Friday at 0.9968

  • USD higher on WSJ article saying rates "could remain higher for longer"

  • Article appears to push back on dovish interpretation of Fed debate on reducing size of hikes

  • While size of hikes may decrease, terminal rate may be higher and stay high for longer

  • US Treasury yields moved higher Friday, as bond market holds similar view nL1N31T23F

  • EUR/USD support at 10-day MA at 0.9908 and 21-day MA at 0.9845

  • Sellers tipped ahead of 1.0000 and resistance at 100-day MA at 1.0078

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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