By Christopher Romano — Apr 29 - 01:50 PM
NY opened near 1.0720, selling took hold as US$ was bid in early NY
1.06905 traded on EBS, buyers emerged, pair neared 1.0725 late
Lower US yields US10YT=RR, USD/CNH drop to 7.2350 (D3) helped buoy
Equity ESv1 gains & gold XAU= turning positive helped weigh on US$
EUR/USD held below the 21-DMA, 50% Fib of 1.0885-1.0602 late in the day
Techs are mixed; daily RSI rising but monthly RSI is falling
China April NBS mfg, non-mfg & Caixin mfg PMIs are data risk in Asia
EZ April HICP, Q1 GDP & US Q1 employment costs a risks in Europe, NY
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary