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Feb 02 - 05:55 PM

EUR/USD - Trounced As Stops Triggered In Illiquid Asia

By Krishna Kumar  —  Feb 02 - 04:59 PM

• EUR/USD down 1.3% in Asia after trading in a wide 1.0342-1.0125 range

• Slumped after opening at 1.0340 from New York's close of 1.0362

• Stops below 1.0250 targeted in illiquid Sydney markets, low of 1.0125 deals

• Retraces to 1.0230, awaits the opening of Wall Streets futures

• Asia's reaction to Trump's tariffs and likely start of trade wars eyed

• ECB's Knot on US tariffs: a trade war only has losers
EUR:


(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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