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May 14 - 02:36 PM

EUR/USD - Powell Drives A Quick Turn Around

By Christopher Romano  —  May 13 - 02:25 PM
  • Upbeat risk and April PPI help drive a rally in early NY nL1N2CV0QQ

  • 1.0896 high trades on EBS but a reversal takes hold on Powell comments

  • Powell says negative rates is not something policymakers were considering

  • EUR/USD falls below 10 & 21-DMAs & turns negative on the day

  • Broad US$ buying & EUR/JPY fall from 116.40 EBS high weigh down EUR/USD

  • EUR/USD bulls face a set back but aren't panicking yet nL1N2CV13A















eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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