By Christopher Romano — Oct 24 - 01:35 PM
NY opened near 1.0800 after 1.07702 traded on EBS in Europe's morning
Pair dipped down to 1.07885 after US weekly, continuing claims reports
Buyers emerged however as US yields US2YT=RR, US$ traded heavily
Equity ESv1, gold XAU= rallies helped to weigh down the US$
Yields, US$ remained soft despite above estimate Oct. S&P Global PMIs
EUR/USD neared the 5-DMA, hit 1.0817, traded up +0.32% late in the day
Daily RSI turned up from oversold territory, may mean bounce can extend
Falling monthly RSI, hold below 200-DMA suggest bounce may be limited
Oct. German Ifo, Sept. US durable goods reports are data risks Friday
Boston Fed's Collins speaks Friday, remarks may impact risk sentiment
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Source:
Refinitiv IFR Research/Market Commentary