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Mar 09 - 09:55 PM

EUR/USD - Grinding Higher As US Yields Continue To Fall

By John Noonan  —  Mar 09 - 07:45 PM
  • EUR/USD moving higher early Asia as US yields extend lower

  • The 2-year yield fell 20 bps Thursday and down another 8 bps early Asia

  • EUR/USD just below 10-day MA at 1.0604 and break targets 21-day MA @ 1.0633

  • Large fall in US yields likely due to potential financial market stress nL1N35H29S

  • Fed would have to take note of financial market stress in their decisions

  • Positioning ahead of US non-farm payrolls also playing a role

  • In any case, market price action likely to be volatile around US jobs

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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