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Oct 13 - 03:55 AM
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EUR/USD - Bonds May Come To EUR/USD's Rescue After Drop To 2026 Low
By Jeremy Boulton — Oct 13 - 02:28 AM
• US/German 10-year bond spread has tightened from 181bps to 171bps
• EUR/USD fell further to a fresh 2026 low at 1.1152 EBS on Monday
• The tighter spread will provide EUR/USD support
• Support from bonds timed when traders short and drop stretched
• Base 20-week Bollinger bands is 1.1193
•
US/German 10-year bond spread
(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters