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Jun 18 - 03:48 PM
EUR/USD - Consolidates Draghi Induced Losses Ahead Of The Fed
First appeared on eFXplus on Jun 18 - 01:45 PM
  • Pair trades heavy in NY despite softer US data
  • Dovish Draghi sends EZ yields lower, 10-yr bund yield hits -0.32%
  • DE-US spreads widen to help keep EUR/USD below the daily cloud
  • Trump induced yen sales sharply lift EUR/JPY & USD/JPY, buffets EUR/USD
  • Market awaits Fed, chance of cut near 20%, July 31 cut at 100% FEDWATCH
  • If Fed takes a dovish stance EUR/USD bears might retreat

chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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