• NY opened near 1.1295 after 1.1337 traded overnight, pair's drop extended in NY

• US yield rallied the USD; USD/CNH climbed above 6.7200

• US-German spreads widened which added weight on EUR/USD

• Drops in gold, silver and equities helped underpin the USD buying

• EUR/USD fell sharply, hit a 16-month low of 1.1215 before bouncing a bit

• The pair sat near 1.1230 late in the session, it was down -0.86% in Ny's afternoon

• Techs are bearish; RSIs indicate downward momentum, Bolli bands are widening

• Investors will focus on the US September jobs report as a key risk for Friday
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)