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Sep 10 - 05:55 AM

EUR/USD - Eclipses ECB Peak As Dollar Wilts And Risk Rallies

By Jeremy Boulton  —  Sep 10 - 03:52 AM
  • EUR/USD rises to 1.1843 beating ECB day high at 1.1841 EBS

  • Sep 8 peak at 1.1850 is next resistance

  • EUR/USD is lagging a broader USD decline led by riskier FX

  • Asian currency gains followed by moves higher for ZAR, MXN and RUB in Europe

  • Stocks, oil and base metals also rising in a risk-on session

  • EUR is probably lagging due its wide use as a funding currency

  • Close over cloud base 1.1831 may be foundation for bigger gains nL1N2QC0D0


EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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