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May 05 - 08:55 PM

EUR/USD - Opens Lower As Marker Prices In Aggressive Fed Hikes

By John Noonan  —  May 05 - 06:50 PM
  • EUR/USD opens -0.77% after USD soared on reversal higher in US yields

  • Prices in all assets reversed post-Fed moves in a volatile trading day nL2N2WX2KO

  • Fed futures are pricing in a 75 BP Fed hike in June despite Powell comments nL2N2WX1KR

  • EUR/USD opens below 10-day MA at 1.0568, which is now resistance

  • Bids ahead of 1.0490 have underpinned EUR/USD on dips all week

  • Support is at the April 28 low at 1.0469

  • EUR/USD may consolidate ahead of key US non-farm payrolls later today

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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