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Sep 21 - 03:55 PM

EUR/USD - Fresh 20-Year Low Set On Fed Hike, Policy Update

By Christopher Romano  —  Sep 21 - 02:10 PM
  • EUR/USD briefly rallied overnight, 0.99745 hit on EBS, NY opened near 0.9925

  • Potential escalation to Ukraine war nL1N30R2S5 drives flight to safety

  • US$, yen & Swiss franc bought against the euro; EUR/USD slide extended

  • Rise in terminal Fed rate EDH3 rallied U$; USD/CNH lifted above 7.0600

  • EUR/USD neared Dec. 2002 monthly low ahead of the Fed, 0.98665 hit on EBS

  • 0.9810 hit after Fed 75 bps hike, update on policy rate nL1N30R1F1

  • Techs are bearish; RSIs falling, Dec 2002 monthly low breaks

  • EUR/USD shorts likely to now target key support near 0.9600

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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