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Thomson Reuters
Feb 26 - 12:12 PM
EUR/USD - Cannot Hold Data Induced Gains As Powell Speaks
First appeared on eFXplus on Feb 26 - 10:35 AM
  • Pair adds to gains from Europe driven by DE & FR consumer confidence data
  • DE-US yield spreads, tighten further on big downside surprise to US housing
  • Powell testimony begins, reiterates patient stance on future monetary policy
  • US$ and UST yields bounce a bit, EUR/USD sinks from the 1.1375 high
  • Pair nears 1.1345 before the dollar bid eases, back near 1.1355 now

chart: Click here

Source:
Thomson Reuters IFR Markets

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