Usually we open with a push to the downside in EUR/USD in NY with a grind higher in the afternoons. Perhaps we’re setting up for the reverse today. Risk assets are seeing a broad short-covering rally this morning after days of sales…
EUR/USD is a laggard, holding within recent ranges, slightly supported by a resurgent EUR/JPY as US yields rise. From below 1.80% briefly yesterday, US 10-year notes are up at 1.90% this morning.
