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May 23 - 03:55 PM

EUR/USD - US Rate Gains Keep Down Side Risks In Place

By Christopher Romano  —  May 23 - 01:35 PM
  • EUR/USD extended its overnight slide in NY, pair opened near 1.0780

  • An early rally toward 1.0795 met sellers, fell ensued with data help

  • Equity ESv1 drop & US rate SRAU3, USD/CNH gains weighed on EUR/USD

  • EUR/USD hit 1.07605 on EBS, neared 1.0775 after US Treasury 2-yr auction

  • Techs are bearish; RSIs are falling, EUR/USD traded below the daily cloud

  • German May Ifo & minutes of Fed's May 2-3 meeting are risks Wednesday

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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