By Catherine Tan — Aug 22 - 10:50 PM
EUR/USD sideways so far in Asia but upbeat DXY, UST yields and techs weigh
Pair posted an outside day close below 1.0870 overnight
Break below 1.0830-33 supports risks test at 1.0797 200dma
Bullish USD theme, expectation Fed rates to remain higher for longer weighs
Overall negative sentiment in China adds to pressure on the EUR
EUR/USD traded 1.0842-57 range so far, last at 1.0852-56
DXY last at 103.51, traded 103.46-59, related nL1N39Z06Q
Focus on Aug EU PMIs - France and Germany mfg PMIs due at 0815, 0830GMT resp
Germany Aug manufacturing PMI forecast at 38.5 vs 38.8 prior - BBG
Aug Eurozone PMIs scheduled at 0900GMT, forecast 42.6 vs 42.7 previous
UST yields tad lower but remains much higher from end July nL1N3A2096
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary