By Christopher Romano — Mar 03 - 01:42 PM
EUR/USD rallies to 1.21135 (EBS) in Europe, slide ensues as US$ goes bid
Rise in US rate complex helps buoy the US$, buying intensifies after data
Rates, US$ remain firm after below estimate Feb ADP, ISM non-manufacturing
EUR/USD trades down to 1.2043 (EBS) but risk shifts, bounce ensues
Stocks bounce off lows, oil breaks Tuesday high, US yields slip
EUR/USD rallies above 1.2075, sits near the daily cloud base late
Daily doji candle forms, suggests investors are a bit indecisive
Yields & techs should keep EUR/USD downside risks intact nL2N2L11SU
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Source:
Refinitiv IFR Research/Market Commentary