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Aug 04 - 03:55 PM

EUR/USD - Data, Fed Drive Wild Price Swings, Bears Benefit

By Christopher Romano  —  Aug 04 - 01:50 PM
  • EUR/USD falls in Europe am, hits 1.1842 on EBS, NY opens near 1.1855

  • Disappointing July ADP, June downward revision sink US rates & US$

  • US 10-year yield hits a 6-mo low, Eurodollar prices rally as does EUR/USD

  • EUR/USD trades 1.1899 on EBS but gains are quickly erased on Fed comments

  • US$ & rates rally on Bullard, Clarida comments, EUR/USD dives sharply lower

  • Pair breaks key support near 1.1840, nears the 10-DMA, hits 1.1833 on EBS

  • EUR/USD sits just above the session low late, techs now lean bearish

  • For more click on FXBUZ




eurusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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