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Oct 19 - 03:55 PM

EUR/USD - Sterling, US Dollar, Soured Risk Work To Drive EUR/USD Lower

By Christopher Romano  —  Oct 19 - 01:40 PM
  • NY opened near 0.9785, pair slid after an early NY rally near 0.9805

  • US rate EDH3US2YT=RR gains drive US$ buys & risk-off sentiment

  • Safe-haven buys lift USD/CNH near 7.2740, sink EUR/JPY to 146.12 on EBS

  • Sterling weakness GBP=D3 helps to drag EUR/USD lower as well

  • Equities ESv1 and commodities HGv1 fall to reinforce bear pressure

  • EUR/USD fell to 0.97575 on EBS before nearing 0.9570 late in the day

  • Techs lean bearish; RSIs are falling, pair pierced the 10-- & 21-DMAs

  • Rates markets still suggest EUR/USD downside no sure thing nL1N31K1CI

  • For more click on FXBUZ




Source:
Refinitiv IFR Research/Market Commentary

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