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Oct 25 - 03:55 PM

EUR/USD - Parity Now In Focus As US Data Drives Dollar Bears

By Christopher Romano  —  Oct 25 - 01:40 PM
  • EUR/USD hit 0.9848 on EBS in early NY then rallied after downbeat US data

  • Series of data nL1N31Q1KX drove rates EDH3US2YT=RR & US$ lower

  • Risk-on sank safe-havens; USD/CNH neared 7.3030, EUR/JPY hit 147.455 on EBS

  • Equity ESv1gains, commodity HGv1 bounce off low reinforced risk-on

  • EUR/USD rallied above Monday's high & the 55-DMA, hit 0.9977 on EBS

  • Pair pulled back slightly, near 0.9960 late, traded up +0.87% late

  • Techs lean bullish; RSIs rise, pair above rising 10- & 21-DMAs

  • EUR/USD dodges more slings and arrows, upside risks grow nL1N31Q1AH

  • For more click on FXBUZ



Source:
Refinitiv IFR Research/Market Commentary

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