By Christopher Romano — Dec 04 - 02:00 PM
NY opened near 1.0505 after EUR/USD slid overnight, drop extended early
1.0472 hit on EBS with help from rising US yields US2YT=RR, US$ buying
Yields, US$ fell after below estimate US Nov. ISM non-manufacturing PMI
EUR/USD rallied & turned positive, traded above 1.0540 in NY's afternoon
USD/CNH drop & gold XAU=, equity ESv1 rallies helped lift EUR/USD
Pair neared 1.0520 while Fed's Powell was interviewed, was up only +0.12%
Techs are mixed; daily RSI rising & monthly falling, pair below 5- & 21-DMA
US weekly jobless claims, Oct. int'l trade are data risks in NY Wednesday
For more click on FXBUZ
Source:
London Stock Exchange Group | Thomson Reuters