Welcome Guest:
Sign Up
A Data Partner of:
Refinitiv
Aug 21 - 03:48 PM
EUR/USD - Fed Risk Barely Wakes A Sleepy Market
First appeared on eFXplus on Aug 21 - 02:15 PM
  • Pair lingers near 1.1100 in early NY despite some upbeat US data
  • US mortgage activity & housing sales are robust
  • Upbeat earnings from US retailers Lowe's & Target buoy risk, JPY gets sold
  • EUR/JPY lifts near 118.40, EUR/USD cannot benefit as 1.1100 remains magnetic
  • Traders await Fed risks before making any decisions
  • Quick spike down to 1.1080 on Fed minutes nFOMLJEF63, slide quickly erased
  • Investors now await Fed's Jackson Hole meeting which begins Aug 22

chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
!