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Mar 11 - 11:55 AM

EUR/USD - Bears Gain Some Tractions On ECB, Lagarde, Yields

By Christopher Romano  —  Mar 11 - 09:54 AM
  • US$ weakness drives pair up in Europe am, NY opens near 1.1970

  • ECB statement on increased pace of PEPP buys weighs nAPN0491VL

  • EUR/USD dives sharply to 1.1942 (EBS) then spikes to 1.1974 on US$ sales

  • Drop aided by DE 10-yr DE10YT=RR yields, US claims US$ boost nL1N2L82LP

  • Choppy through presser nL8N2L94UK; GDP, inflation projection nMARFCAST

  • Techs signals a bit mixed; daily RSI rises, monthly falls, 10-DMA caps gains

  • US 10-year yield bounce helps drive EUR/USD lower towards 1.1930

  • US Treasury 30-year auction ($24 bln) is a risk later in the day

  • For more click on FXBUZ



eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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