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• NY opened near 1.1630 after EUR/USD traded downward in Europe's morning

• The pair rallied early and struck an 8-session high of 1.1654 on USD selling

• Rallies in gold, silver and USD/CNH's drop to 6.7033 contributed to the pair's rally

• Sellers emerged though after the US Treasury announced its buyback program

• USD, yields rallied & stocks, gold, silver moved downward

• EUR/USD fell to 1.1620, buyers emerged and the pair neared 1.1640 late in the day

• A halt in USD buying and lifts in gold, silver and stocks helped buoy EUR/USD

• EUR/USD traded near the 200-DMA and +0.12% in NY's afternoon

• Techs lean bullish; RSIs are rising & a monthly bull hammer is in place

• US August PPI report is a key data risk for Thursday
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)