• NY opened near 1.1525 after 1.1518 traded overnight, sharp rally ensued

• USD, US yields dropped quickly after US July payroll data

• Gold, silver, stocks rallied & USD/CNH fell to 6.7400 to reinforce broad USD selling

• EUR/USD ended ins recent consolidation phase, hit a 1-1/2-month high of 1.1581

• The pair pulled back a bit, sat near 1.1565 late, traded up +0.34% in NY's afternoon

• Techs lean bullish; RSIs are rising and EUR/USD trades above 10-, 21- & 55-DMAs

• Investors will be focused on US July CPI and PPI due next week
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)