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Dec 04 - 03:55 PM

EUR/USD - US Services Report Softened Yields And The Dollar

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

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