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Thomson Reuters
May 31 - 03:48 PM
EUR/USD - Break Of 1.1100 Remain Elusive
First appeared on eFXplus on May 31 - 01:45 PM
  • Downbeat IT nR1N20Z00J & DE nL8N2373HA May inflation doesn't wake bears
  • Trump tariff threat to Mexico sink global bond yields, US rates fall sharply
  • DE-US spreads sharpen tightly & US$ sold across the board, EUR/USD driven up
  • 21-DMA neared before month-end flows lead to a quick correction
  • Dollar stays heavy though, EUR/USD holds above 10-DMA late in the day
  • Dive in US rates ups chance of Fed cuts, could buoy EUR/USD

chart: Click here

Source:
Thomson Reuters IFR Markets

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