By Christopher Romano — Mar 12 - 02:09 PM
• NY opened near 1.0910 after a tight range traded in Asia & Europe
• Wild price swing followed below estimate US February CPI report
• US yields , US$ fell & DE-US spreads tightened
• EUR/USD spiked up to 1.0933 but the gains were short lived
• Yields, US$ firmed as risk soured & tariff influences persisted
• Spreads widened & stocks fell; EUR/USD neared 1.0875
• Risk improved a bit; stocks, gold rallied & USD/CNH slid downward
• EUR/USD neared 1.0925, sat near 1.0905 late, was down -0.08%
• Techs lean bullish; monthly RSI rising & gains being consolidated
• US February PPI & weekly jobless claims are data risks Thursday
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters