By Christopher Romano — May 22 - 02:20 PM
NY opened near 1.0840 after 1.08633 traded on EBS overnight, drop extended
US$ buying driven by yield US2YT=RR gains weighed on the pair
USD/CNH rally to 7.2550, equity ESv1 & gold XAU= falls added weight
EUR/USD pierced the 10- & 21-DMAs, 1.0822 hit on EBS then pair bounced
Pair sat near 1.0840 and was down -0.15% heading into the Fed minutes
Muted reaction to the Fed minutes, US$ firmed a bit, EUR/USD neared 1.0830
Techs are mixed; monthly RSI is rising but daily RSI is falling
US weekly claims and May S&P Global PMIs are key data risks Thursday
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Source:
Refinitiv IFR Research/Market Commentary