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May 20 - 03:55 PM

EUR/USD - Diverging Yields, Give Longs Relief

By Christopher Romano  —  May 20 - 02:02 PM
  • UST yields sink US10YT=RR while eurodollar prices EDZ2 rally

  • German yields DE10YT=RR remain buoyed while Euribor prices FEIZ2 sink

  • Diverging interest rate path help German-US yield spreads tighten

  • Improved risk sentiment drives equities higher & the dollar broadly lower

  • EUR/USD buyers emerge at 1.2182 (EBS) just ahead of the NY open

  • EUR/USD climbs despite better than estimated US weekly claims nL2N2N62GP

  • Pair hits 1.22265 on EBS, some US$ buying emerges, pair near 1.2210 late

  • Techs lean bullish, consolidation phase begins, RSIs are rising

  • Taper talk, inflation doesn't seem to worrky EUR/USD traders nL2N2N71N7

  • For more click on FXBUZ

eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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