By Christopher Romano — Oct 02 - 01:40 PM
EUR/USD opened NY near 1.1070, pair rallied early, neared 1.1075 then fell
Above estimate September ADP rallied yields US2YT=RR and the US$ =USD
DE-US spreads US2DE2=RR widened, stocks ESv1 & gold XAU= fell
EUR/USD pierced the daily cloud top, hit level not seen since September 11
1.10325 trade, pair bounced and sat near 1.1045 late, was down -0.19%
EUR/JPY rally toward 161.50 likely helped prevent a deeper EUR/USD drop
EZ HCOB services, composite PMI finals are risks in Europe's morning
US weekly claims, Aug. Factory orders, Sept. ISM non-mfg PMI are risks in NY
Remarks from Fed's Williams is an event risk Thursday morning in NY
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary