By Christopher Romano — Oct 26 - 01:45 PM
NY opened near 1.0540 after 1.0569 traded overnight, slide extended early
1.0521 hit on EBS after ECB statement, US weekly claims, Q3 PCE reports
US yields US2YT=RR softened however & US$ slid, EUR/USD rallied
EUR/USD rallied to 1.0561 despite dour econ remarks from ECB's Lagarde
USD/CNH remained in negative territory & yield slide intensified
EUR/USD dipped below 1.0530 then traded near 1.0545 late in the day
Techs are a bit mixed; RSIs falling but daily bull hammer candle formed
US Sept core PCE, Oct U of Michigan are key risks in NY for Friday
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary