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Aug 03 - 04:55 PM

EUR/USD - Fed Comments Help Stall Bears, Indecision Emerges

By Christopher Romano  —  Aug 03 - 01:55 PM
  • EUR/USD opened NY near 1.0190, early US$ sales lift EUR/USD to 1.0212 on EBS

  • Pair then falls sharply as US$, US yields US2YT=RR firm; 1.0123 hit on EBS

  • Above estimate July ISM non-mfg PMI nL1N2ZF1GR helped send EUR/USD lower

  • Comments from Fed's Daly nS0N2X4077 soften US$, US rates EDZ2

  • Equities ESv1 rally, USD/CNH fell below 6.7600, EUR/JPY hit 136.415 on EBS

  • EUR/USD bounced toward 1.0170 then slid towards 1.0150 late in the session

  • A daily doji candle formed which implies investors may be indecisive

  • Expectations for the Fed, data should concern EUR/USD longs nL1N2ZF1HF

  • US weekly claims, July NFP & AHE are key data risks investors are focused on

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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