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Mar 23 - 02:36 AM

EUR/USD - Settling Around 1.0715 After Whippy Morning Session

By John Noonan  —  Mar 22 - 11:05 PM
  • EUR/USD is trading higher at 1.0715 - up 0.30% from the NY close

  • EUR/USD traded down to 1.0636 in early Asia in thin market conditions

  • A brutal day for equities with the AXJ index and S&P futures falling 4.0%

  • More government shut-downs as coronavirus spreads spooking markets nL4N2BG05U

  • Failure of US Senate to pass aid package on schedule also weighed on risk nL1N2BF05X

  • EUR and JPY moved higher against risk currencies such as the AUD and NZD

  • A break above 1.0735 in the EUR/USD targets Friday's high at 1.0831

  • Support formed around 1.0630 and buyers tipped ahead of 1.0600

  • Volatility likely to continue and accelerate if US doesn't pass aid package






eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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