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Apr 12 - 03:55 PM

EUR/USD - US CPI Helps Make The March High More Vulnerable

By Christopher Romano  —  Apr 12 - 02:10 PM
  • EUR/USD traded 1.0913-1.09355 range on EBS overnight, NY opened near 1.0920

  • US rates SRAU3, US$ fell sharply after below estimate headline CPI

  • EUR/USD spiked up to 1.0990 on EBS, fell to 1.09585 then hit 1.10005 on EBS

  • StockESv1, oilLCOc1 gains & USD/CNH drop near 6.8745 helped buoy EUR/USD

  • Comments from ECB, Fed officials helped keep EUR/USD pinned near the highs

  • EUR/USD held near session highs due to a muted reaction to the Fed minutes

  • Techs are bullish; 10-DMA supports, RSIs rising, l-t consolidation ongoing

  • US March PPI Thursday, retail sales Friday are looming data risks

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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