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Oct 03 - 03:55 PM

EUR/USD - A 10-Month Low Hit With Help From US Yields, Yen Gains

By Christopher Romano  —  Oct 03 - 01:45 PM
  • NY opened near 1.0475, a brief lift met sellers, 1.0448 then hit on EBS

  • US yield rise US10YT=RR drove US$ buying which weighed on EUR/USD

  • USD/CNH rally to 7.3315 & equity ESv1, oil LCOc2 slip weighed on EUR/USD

  • Suspected BOJ intervention in USD/JPY sent EUR/JPY down to 154.39 on EBS

  • EUR/USD bounced slightly, sat near 1.0465 late, traded down -0.09%

  • Daily doji formed & daily RSI is overbought; may be concerns for shorts

  • US Sept ADP, ISM- non-mfg PMI are key data risks in NY Wednesday

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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