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TDUX
Jul 16 - 08:55 AM

EUR/USD - Consolidating Gains

By Christopher Romano  —  Jul 16 - 06:59 AM

• EUR/USD traded 1.1460-1.1476 ovenright, NY opened near 1.1465, up +0.02%

• Balanced risks helped keep the range tight and consolidate recent gains

• Firm US yields , drop in gold helped limit EUR/UDS's topside

• Oil drop, USD/CNH's slip from its high, EUR/JPY gains buoyed EUR/USD

• EUR/USD hugged the down trend line off the May 11 high ahead of US data risks

• June retail sales, weekly jobless claims & July Philly Fed are due in NY's morning
eurusd


(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters
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