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