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Thomson Reuters
May 06 - 02:36 AM
EUR/USD - Resilient, As US/China Trade Optimism Sours
First appeared on eFXplus on May 05 - 11:40 PM
  • Touched 1.1150 early - USD led on Trump tariff threats on China
  • Retraced to 1.1200 on cross demand as risk sensitive currencies were hit
  • China considers cancelling trade talks nFWN22G00W saw another risk selloff
  • E-mini S&P -1.9%, SSEC -3.6%, AsisxJP stocks -1.7% and WTI oil -2.4%
  • 1.1150-60 1.6BLN, 1.1185-1.1200 1.1BLN and 1.1250-55 2BLN close strikes
  • Trades -0.1% - NY 1.1135/1.1205 range is initial support/resistance

eur2 may 6 Click here

Source:
Thomson Reuters IFR Markets

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