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Thomson Reuters
Jun 06 - 05:00 AM
EUR/USD - Shorts Cover As ECB Enters Focus, 21-DMA Key
First appeared on eFXplus on Jun 06 - 02:45 AM
  • Jun 14 ECB enters focus, weaker euro to fuel ECB hawks
  • Italy risk felt subsided yet bonds suggest little relaxation
  • 10-year Italy yield 2.76%, this week 2.51-2.84%. Last week hit 3.38%
  • Interest rates leaning on EUR/USD recovery as U.S. yields push back up
  • 10-year US/German yield spread 253bp vs l-term peak at 259, recent low 248
  • 21-DMA 1.1753. Close over signals larger short-covering for 1.1850-1.950

EUR/USD daily Click here

Source:
Thomson Reuters IFR Markets

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