By Christopher Romano — May 02 - 01:35 PM
NY opened near 1.0705 after 1.0728 traded on EBS in Europe's morning
Slide extended as yields US2YT=RR, US$ were firm in early trading
USD/CNH rally above 7.2350, commodity XAU= drops weighed on EUR/USD
1.0675 traded but bears ran out of steam, buyers emerged
Equities added to gains, yields & US$ weakened, EUR/USD neared 1.0715
Pair traded near flat on the session, daily doji formed, implies indecision
US April payroll report & its impact on Fed policy is a key risk Friday
Data indicating softening jobs market could drive a EUR/USD rally
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary