By Christopher Romano — Nov 22 - 09:55 AM
US Nov. services PMI come in well above estimate, composite PMI up from Oct.
Nov. manufacturing PMI rises from Oct., meets f/c, stays in contraction
US yields US2YT=RR rallied, DE-US spreads US2DE2=RR widened further
Equities ESv1 & USD/CNH rallied, gold XAU= softened a bit
EUR/USD fell towards 1.0405, traded down -0.62% after the data release
1.0440/50 zone is turning into resistance after being support
Falling daily, monthly RSIs imply downward momentum is still in place
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary