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Mar 24 - 03:48 PM

EUR/USD - Dollar Bulls Make A Late Day Charge

By Christopher Romano  —  Mar 24 - 02:00 PM
  • Fed action, tighter basis swaps EURCBS3M=ICAP extends rally nL1N2BH0KL

  • Improved risk environment weighs on the US$ a bit, EUR/USD nears 1.0890

  • Investors' cautious optimism buoys EUR/USD nL1N2BH0YI but gains erode

  • US$ gains after Europe's close, 1.0760 pierced but pair still up on the day

  • Long upper wick on daily candle, falling monthly RSI imply bearish risks

  • Investors await US stimulus bill passage, if passed risk likely to rally







chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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