By Christopher Romano — Jan 25 - 01:35 PM
EUR/USD traded 1.09115-1.08575 in Europe's morning, NY opened near 1.0865
Firmer US rates EDZ3, US$ & EUR/JPY fall to 140.78 on EBS weigh on EUR/USD
Buyers emerged however as US$ buys abated & risk improved slightly
Equities ESv1 bounced, USD/CNH fell below 6.7720, EUR/JPY neared 141.30
EUR/USD rallied to 1.09235, fell to 1.0874 then rallied again
US$ weakness intensified after the US 5-year note auction nAQN2H7EQE
EUR/USD neared 1.0920 late in the session, traded +0.26% late in the day
Techs are bullish; RSIs rising, daily & monthly bull hammers are in place
US Dec. durable goods & new home sales, Q4 GDP, weekly claims due Thursday
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Source:
Refinitiv IFR Research/Market Commentary