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Jun 09 - 03:55 PM

EUR/USD - Brakes Applied, Reverse Gear Engaged On Yield Move, Inflation Risks

By Christopher Romano  —  Jun 09 - 01:51 PM
  • US$ sinks in Europe am, EUR/USD opens NY near 1.2190, pair rallies early

  • US 10-yr yield tests support near 1.47% while eurodollar prices rally

  • US$ selling drive EUR/USD up to 1.2218 (EBS) but a sharp pull back ensues

  • US rates bounce sharply off lows. US$ buyers drive EUR/USD below 1.2180

  • A daily gravestone doji candle forms, could be a warning to EUR/USD longs

  • US May CPI, ECB inflation outlooks may drive EUR/USD gains nL2N2NR1HA

  • For more click on FXBUZ



eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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