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Oct 20 - 03:55 PM

EUR/USD - Prospects Of Fiscal Package Drive Investors Out Of Safe-Havens

By Christopher Romano  —  Oct 20 - 01:35 PM
  • Pair rallies above the 10-DMA in Europe am, hopes of US fiscal deal buoys

  • Equities .SPX & oil LCOc1 rally while safe-havens US$ & yen are sold

  • EUR bid versus most majors, solid gains in EUR/JPY, EUR/GBP, EUR/AUD

  • EUR/JPY trades to 125.00 on EBS, EUR/USD hits 1.1841 before dipping

  • Dip is minimal though as virus relief package hopes grow nW1N2G5009

  • EUR/USD bears are close to getting squeezed hard nL1N2HB0VO

  • For more click on FXBUZ







eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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