By Christopher Romano — May 13 - 02:06 PM
• NY opened near 1.1105 after 1.1089 traded on EBS in Asia, the rally extended
• US$, US yields fell after April CPI showed slower than expect price increases
• Stocks, gold & other commodities rallied as US$ sank; EUR/USD rallied to 1.11835
• US yields turned higher but EUR/USD remained positive on the session
• USD/CNH drop toward 7.1960 helped EUR/USD trade up +0.81% in NY's afternoon
• Techs lean bearish; pair below 10-DMA & 1.1200 resistance,
monthly RSI is falling
eurusd
(Christopher Romano is a Reuters market analyst. The views
expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters
