By Christopher Romano — Sep 09 - 01:35 PM
NY opened near 1.1040 after 1.10908 traded on EBS overnight, slide extended
Wider DE-US spreads US2DE2=RR, firm US yields & US$ weighed on the pair
EUR/USD fell further but only traded down to 1.10343, buyers emerged
US yields, US$ softened; USD/CNH erased some gains & EUR/JPY rallied
Stocks ESv1 and commodities XAU=LCOc1 gained to help weigh on US$
EUR/USD neared 1.1055 late but still traded down -0.30% in NY's afternoon
Falling RSIs, move below 5- & 21-DMAs gives technicals a bearish lean
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary