By Christopher Romano — May 24 - 02:10 PM
EUR/USD fell to 1.0748 on EBS in Europe, NY opened just above that level
Pair rallied early NY; yen sales rallied to EUR/JPY to 149.90 on EBS
EUR/USD followed EUR/JPY hit 1.0801 on EBS but turned lower again
US$ buying driven by rate SRAU3 gains helped drive EUR/USD down
Equity ESv1, commodity HGv1 slides helped to underpin US$ buying
Muted reaction after minutes of the Fed's May 2-3 meeting release
EUR/USD remained lower on the session, traded down -0.16% late in the day
Techs are bearish; RSIs falling, daily inverted hammer formed
German Q1 GDP, June Gfk & US Q1 PCE, weekly claims are risks Thursday
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary