By Christopher Romano — Jun 02 - 01:50 PM
Asian buying carried over to Europe, NY opened near 1.0695, rally persisted
US rates softened slightly after data nL1N2XP0TE & US$ was sold broadly
Equities ESv1, commodities .TRCCRB gained as investors shunned safety
EUR/JPY rallied to 139.56 on EBS, USD/CNH dropped below 6.6560
EUR/USD climbed above the 10-DMA, neared the 55-DMA, hit 1.0748 on EBS
Virtually no pull back seen, pair holds near the high late in the session
Techs lean bullish; RSIs rising, long lower wick forms on the monthly candle
Risks from US May jobs data & its potential impact on Fed policies loom
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Source:
Refinitiv IFR Research/Market Commentary