By Christopher Romano — Jan 08 - 02:04 PM
• EUR/USD traded 1.0357-1.02737 overnight, NY opened near 1.0285
• Pair rallied early on some US$ selling, 1.0320 was neared
• Sellers emerged, 1.0310 neared, pair traded down -0.27% in NY afternoon
• US yield gains brought back US$ buying; USD/CNH neared 7.3600
• Soured risk sentiment helped to keep EUR/USD lower in NY's afternoon
• Gold erased most of its gains & stocks traded lower
• EUR/USD techs lean bearish; RSIs falling & pair below 5- & 21-DMAs
• China December PPI & CPI may impact risk sentiment in Asia hours
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters