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Apr 12 - 04:55 PM

EUR/USD - US CPI Effect Wanes Quickly, Shorts Reign

By Christopher Romano  —  Apr 12 - 02:35 PM
  • NY opened near 1.0865 after a choppy European morning session

  • US rates EDU3US2YT=RR, US$ drops sharply after March CPI nL2N2WA0W3

  • EUR/USD spikes up, enters positive territory, trades 1.09045 on EBS

  • Pair's gains begin eroding however as US$ sales & yield drops abate

  • Potential for escalation of Russia-Ukraine crisis weigh on euro nL5N2WA1YT

  • EUR/USD's slide intensifies on Fed's Brainard comments nS0N2UR069

  • April 8 daily low breaks, EUR/USD trades to 1.0821 on EBS late in the day

  • Techs are bearish; RSIs falling & aren't oversold, inverted hammer forms

  • US CPI is unlikely to alter EUR/USD's trajectory much nL2N2WA14W

  • For more click on FXBUZ














eurusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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