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
Source:
Refinitiv IFR Research/Market Commentary