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Dec 30 - 11:55 AM

EUR/USD - Gains Erased As US Dollar Firms On Safe-Haven Bid

By Christopher Romano  —  Dec 30 - 09:36 AM

• EUR/USD fell to 1.0410 in Europe's morning, buyers emerge, 1.04583 then hit

• Sellers emerged as risk-off sentiment drove investors towards safe-havens

• US yields , stocks , gold fell & USD/CNH rallied

• Buys of Japan's yen reinforced risk-off; EUR/JPY fell to 163.50 on EBS

• EUR/USD fell to 1.0380 on EBS in early NY, pair traded down -0.39%

• Techs lean bearish; RSIs are falling, pair below 5- & 21-DMAs

• Dec. Chicago PMI, Nov. pending home sales are data risks in NY
eurusd


(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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