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May 19 - 03:55 PM

EUR/USD - Volatile Session Resolves With Bears Taking The Lead

By Christopher Romano  —  May 19 - 02:15 PM
  • Risk-off drives safe-haven buys of US$ & yen in Europe's morning

  • China's new ban on crypto ccys nL3N2N60IH helps sink stocks, oil, EUR

  • EUR/JPY falls from its 133.435 EBS high, EUR/USD falls from 1.2245 (EBS)

  • More bear pressure after China's cabinet commodity comments nB9N2MK001

  • EUR/USD trades 1.21885 on EBS but bounces as risk sentimet improves a bit

  • Rally reaches 1.22385 but fades as US$ buys intensify ahead of Fed minutes

  • US$, 10-yr yield rally on Fed minutes inflation, taper comments nW1N2M00AX

  • EUR/USD dips below 1.2175 late in the session, daily techs turn bearish

  • For more click on FXBUZ

eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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