By Christopher Romano — Sep 26 - 01:35 PM
NY opened near 1.1155 after pair rallied overnight, pair fell in early NY
SpreadsUS2DE2=RR widened, yieldsUS2YT=RR gained to help EUR/USD drop
Weekly claims, durable goods reports helped rally yields & the US$
EUR/USD traded 1.11258 on EBS but buyers emerged & pair turned positive
US$ buying abated as risk rallied; USD/CNH fell & stocks, commodities gained
EUR/USD traded 1.1189 on EBS then dipped, pair neared 1.1175 late, up +0.40%
Consolidation of gains off Sept. 11 low, rising RSIs are bullish signals
US Aug. PCE is a key risk Friday, Sept. U of Michigan final is also a risk
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Source:
Refinitiv IFR Research/Market Commentary