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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

Refinitiv IFR Research/Market Commentary


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