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Sep 14 - 04:55 PM

EUR/USD - Longs Struggle To Hold Gains After CPI Boost

By Christopher Romano  —  Sep 14 - 01:55 PM
  • EUR/USD drops in Europe's am, pair hits 1.18005 on EBS in early NY trade

  • CPInL1N2QF1UC sinks US$, rates; investors push back Fed taper expectations

  • US 10-yr yield nears 1.25%, Dec 2022 ED hits 5-day high before a pull back

  • EUR/USD rallies sharply, hits 1.1846 (EBS), rally halts near the Sep 10 high

  • Risk-off takes hold, stocks drop while safe-haves US$ & yen get bought

  • EUR/JPY falls to 129.495, EUR/USD nears 1.1815, sits near 1.1825 late

  • Tech signals are not clear, daily doji forms, pair stuck between 10 & 50-DMA

  • Inflation risk linger for EUR/USD despite soft CPI nL1N2QG1D3

  • For more click on FXBUZ

eurusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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