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Aug 04 - 04:55 PM

EUR/USD - US Dollar, Yields Help Underpin EUR/USD Ahead Of Key Jobs Data

By Christopher Romano  —  Aug 04 - 01:45 PM
  • EUR/USD lifted in Europe, NY opened near 1.0190, pair fell to 1.01605 on EBS

  • Fall aided by EUR/JPY fall to 135.67 on EBS, equity ESv1 drop from highs

  • Geopolitical tensions nL1N2ZG0Y6 also help send EUR/USD lower

  • EUR/USD dip bought however; US$, US yields US2YT=RR sink for most of NY

  • USD/CNH neared 6.7500 and EUR/JPY bounced sharply off its intra-day low

  • EUR/USD rallied, climbed above the August 3 daily high and 10-DMA

  • 1.0240 neared late in the day; lift in equities helped underpin EUR/USD

  • Techs lean bullish; consolidation phase ongoing, daily RSI is rising

  • US July NFP, AHE data & their influence on Fed policy are risks Friday

  • US jobs data presents binary risks for EUR/USD nL1N2ZG16M

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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