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Nov 11 - 03:55 PM

EUR/USD - The Weight Of Inflation Remain Unabated

By Christopher Romano  —  Nov 11 - 01:38 PM
  • EUR/USD holds a tight range in Europe am, NY opens near 1.1470

  • US bond market closed for holiday but eurodollar futures were open

  • Eurodollar prices EDM2 fall as effects of hot running US CPI linger

  • Rate rise halts & reverses early US$ selling, EUR/USD hits a new 1-mo low

  • Equity ESv1 gain erosion, EUR/JPY fall to 130.47 on EBS weigh on EUR/USD

  • EUR/USD falls to 1.14465 on EBS late in the day, little bounce seen

  • Techs are bearish; RSIs falling, pair holds below 50% Fib of 1.0636-1.2349

  • EUR/USD downside unlikely to abate for now nL1N2S21KW

  • For more click on FXBUZ

eurusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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