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Mar 02 - 04:55 PM

EUR/USD - US Rate, Dollar Gains Weigh On Risk

By Christopher Romano  —  Mar 02 - 01:20 PM
  • EUR/USD dropped in trading, NY opened near 1.0625, drop extended

  • Rates EDZ3, US$ rallied after US weekly claims, labor cost data

  • EUR/USD traded 1.0582 on EBS then rallied to 1.0615, sellers emerged

  • Rates, US$ remained firm; equities ESv1 fell & USD/CNH rallied

  • EUR/USD dropped to 1.05765 on EBS, traded down -0.86% late in the day

  • Techs lean bearish; RSIs falling, pair trades below the 10- & 21-DMAs

  • US Feb. ISM non-manufacturing PMI, especially pricing data, a risk Friday

  • For more click on FXBUZ







Source:
Refinitiv IFR Research/Market Commentary

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