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Aug 08 - 12:12 PM
EUR/USD - Contradictory German Headlines Awakens Bears
First appeared on eFXplus on Aug 08 - 10:05 AM
  • Talk of possible new German debt/fiscal policy lifts earlier
  • BBG reports DE Fin Min spox says is no decision to give up balance budget
  • EUR/USD falls sharply back below 1.1200, turns red on the day
  • Pair continues to consolidate recent gains, 21 & 55-DMAs help limit ranges
  • DE-US spreads widen further, increases risk of a break lower

chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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