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Aug 08 - 04:55 PM

EUR/USD - Looming Inflation Data Help Keep Moves Muted

By Christopher Romano  —  Aug 08 - 01:50 PM
  • EUR/USD dipped to 1.0173 on EBS in Europe's am, NY opened near 1.0195

  • Lift aided by equityESv1, commodityHGv1 gains & US rate dip US2YT=RR

  • Rally extended above the 10-DMA, 1.0222 hit on EBS but some gains erode

  • US$ sales abate while stock gains erode & EUR/JPY falls below 137.50

  • EUR/USD slips below the 10-DMA, nears flat late in the session

  • Techs lean bullish; 21-DMA supports, consolidation phase is ongoing

  • EUR/USD faces upside risks, but US CPI is key nL1N2ZK116

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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