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Aug 10 - 04:55 PM
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EUR/USD - US Dollar, Yields And Oil Give Bears Traction
By Christopher Romano — Aug 10 - 01:46 PM
(Corrects typo in line 2)
• NY opened near 1.1555 after 1.1580 traded in Asia, the overnight drop extended
• USD buying, US yield gains & oil rally weighed on EUR/USD
• Drop in equities and gains for USD/CNH contributed to EUR/USD's move lower
• 1.1542 traded in NY's afternoon, the pair traded down -0.10% in NY's afternoon
• Falling daily RSI worries bulls but monthly RSI, hold
above 10-, 21- 55-DMAs gives comfort
eurusd
(Christopher Romano is a Reuters market analyst. The views
expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters