By Christopher Romano — Oct 04 - 01:40 PM
NY opened near 1.1025 after 1.10395 traded overnight, drop then extended
Big upside beat to jobs data spiked up yields US2YT=RR & the US$
DE-US 2-yr spreads US2DE2=RR widened sharply; USD/CNH rallied to 7.1036
Gold XAU= traded lower which reinforced the bid for the dollar
EUR/USD neared 1.0960, bounced slightly then hit 1.09515 on EBS
The pair traded down -0.60% late in the day and techs leaned bearish
Pair held below the 55-DMA & daily cloud top, daily & monthly RSIs falling
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary