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Thomson Reuters
Jan 08 - 03:48 PM
EUR/USD - Heavy Due To Data And U.S. Rate Complex
First appeared on eFXplus on Jan 08 - 01:25 PM
  • NY adds to losses from Asia's session, German Nov IO downside miss weighs
  • US rates lift, eurodollar & fff prices fall, Fed rate cuts being priced-out
  • DE-US yield spreads widen and help weigh on EUR/USD, 1.1420 neared
  • EUR/USD bulls will have to wait for break of 1.1495/1.1515 resistance zone
  • Additional Fed speakers, including Powell, are due later this week
  • Thursday's ECB minutes a risk also, cautious tone from minutes expected

chart: Click here

Source:
Thomson Reuters IFR Markets

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