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Sep 13 - 03:55 PM

EUR/USD - Noisy After CPI But ECB, US Data Risks Help Limit Ranges

By Christopher Romano  —  Sep 13 - 01:40 PM
  • EUR/USD opened NY near 1.0735 after hitting 1.0765 on EBS in Asia

  • US yields US2YT=RR, US$ rallied after US August CPI release

  • Energy influence on CPI then taken into account, yields & US$ slid

  • German-US spreads tightened, USD/CNH hit 7.2700, stocks rallied

  • EUR/USD hit 1.0761 but pair near 1.0745 late, traded down -0.08%

  • Falling magnetic 10-DMA, falling RSIs are bearish technical signals

  • ECB in focus, investors look to see if ECB focused on inflation or growth

  • US retail sales, PPI & weekly claims risks also due on Thursday

  • Anemic US data may send US rates, US$ lower & EUR/USD higher

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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