By Christopher Romano — Nov 30 - 01:45 PM
EUR/USD slowly lifted in Europe, NY opened near 1.0355, rally extended
Equity ESv1, commodity LCOc1 gains drove risk-on and US$ lower
Pair struck 1.0400 on EBS after US data nL1N32Q1AU but the rally reversed
Rising US rates EDH3 drove broad based US$ buys, USD/CNH neared 7.1015
EUR/USD fell below the 200- & 10-DMAs, turned negative & hit 1.0290 on EBS
Fed Chair Powell comments nS0N30W01U help drive rates EDH3, US$ down
EUR/USD rallied above 1.0370 and was +0.45% late in the session
Tech lean bullish; RSIs rising & pair trades above the 10- & 200-DMAs
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Source:
Refinitiv IFR Research/Market Commentary