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Aug 18 - 03:55 PM

EUR/USD - Shorts Reign As The Dollar Ignores Yields

By Christopher Romano  —  Aug 18 - 01:40 PM
  • EUR/USD rallied in Europe am, NY opened near 1.0175, 1.0193 then hit on EBS

  • Despite a drop in US yields US2YT=RR, EDZ2 dollar buying took hold

  • EUR/USD fell steadily in NY even as German-US 2-year spreads tightened

  • Aug 16 low broke which completed consolidation of the fall from Aug 10 high

  • EUR/USD hit 1.0080, drop was aided by EUR/JPY trading lower on the session

  • Techs are bearish; RSIs are falling, 10-DMA crossing below the 21-DMA

  • EUR/USD's slide resumes but Fed expectations should temper it nL1N2ZU17H

  • For more click on FXBUZ




Source:
Refinitiv IFR Research/Market Commentary

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