By Randolph Donney — Nov 30 - 12:20 PM
Broad dollar rebound amid month-end flows, EUR/USD's topside rejection
EUR/USD's failed attempt to breach 2020's 1.2014 peak on EBS weighs
S&Ps, that the dollar's negatively correlated to, also corrects
S&P and NASDAQ futures unable to reach recent record highs, slip back
USD/JPY up from 103.835 EBS lows to near kijun and 21-DMA @104.42-43
First higher daily high since Nov. 24, but Dec. 1 pricing is key
Fed's Powell and Treasury Sect Mnuchin testifying Tuesday and Wednesday
Fed's extension of emergency liquidity programs may ease those encounters
USD/JPY's downtrend line from March well above at 105.39 on Tuesday
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Source:
Refinitiv IFR Research/Market Commentary