By Christopher Romano — Sep 10 - 01:40 PM
NY opened near 1.1040 after 1.1050 traded on EBS overnight, slide extended
US$, yen buying and soured risk helped EUR/USD traded down to 1.10155
EUR/JPY drop to 156.79, USD/CNH rally to 7.1350 helped send EUR/USD lower
Equity ESv1, oil LCOc1 falls & wider spreads US2DE2=RR added weight
EUR/USD slide stalled & pair bounced, sat near 1.1025 & was down -0.08% late
Equities, gold turned positive & yields US2YT=RR softened to lift EUR/USD
Techs lean bearish; RSIs are falling & pair holds below 5- & 21-DMAs
US Aug. CPI risk Wed.; ECB risk Thurs., market expects a 25bps cut
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Source:
Refinitiv IFR Research/Market Commentary