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Aug 01 - 09:48 PM
EUR/USD - Sliding US Yields Underpin For Now
First appeared on eFXplus on Aug 01 - 08:20 PM
  • EUR/USD bounced during US session when US yields fell sharply
  • Recovery may be limited as US-China trade war escalation bad for EZ economy
  • Escalation increases incentive for ECB to take strong action in September
  • EUR/USD support at yesterday's 1.1027 low with bids ahead of 1.1000 barrier
  • Resistance at former support at 1.1100/10 and the 10-day MA at 1.1131

eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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