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Jan 08 - 03:55 PM

EUR/USD - Buoyed Risk Help Erase Overnight Losses

By Christopher Romano  —  Jan 08 - 01:40 PM
  • 1.0922 traded on EBS overnight, NY opened near 1.0940, the lift extended

  • US yield slip helped erode some US$ yield advantage over euro US2DE2=RR

  • US$ sellers emerged; UDS/CNH traded down to 7.1585 on D3 in NY's morning

  • Equities ESv1 rallied & commodities XAU= bounced off their lows

  • NY Fed report on consumer inflation projections help buoy riskier assets

  • EUR/USD rallied to 1.0979 on EBS, pulled back toward 1.0950 late in the day

  • Comments from Fed's Bostic weighed on EUR/USD as US yields bounced a bit

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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