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Jan 08 - 03:55 PM

EUR/USD - Dollar Bulls Continue To Hold The Reins

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
eurusd


(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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