By Christopher Romano — May 10 - 02:20 PM
EUR/USD hit 1.0585 in Europe's am, NY opened near 1.0560, lifted in early NY
1.0575 traded early NY but a drop ensued as US ratesEDM3US2YT=RR bounced
EquitiesESv1, commoditiesHGv1 fell as investors sought safer assets
EUR/JPY dropped to 137.04 on EBS, EUR/USD fell to 1.05255 on EBS
Equity rally into positive territory helps lift EUR/USD toward 1.0540 late
Falling RSIs, consolidation of fall from March high are bearish tech signals
China, German, US April inflation data are key risks for Wednesday
EUR/USD might be possible after US inflation nL2N2X21GL
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Source:
Refinitiv IFR Research/Market Commentary