EUR weighed on in bond markets and GBP - BBH

By FXstreet.com | June 11, 2014 AAA

FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman noted the external factor surrounding the euro today.



Key Quotes:



"The euro extended yesterday's losses and found support near $1.3520 in Asia and retested it in Europe. Losses against sterling (new 18-month lows near GBP0.8050) may have weighed on the euro."



"Resistance is seen in the $1.3560 area. There has been a dearth of fresh new. A light bout of profit-taking is being reported from the European bond markets and the core yields may be pushed higher by the backing up of US yields ahead of today's 10-year Treasury note sale (followed by 30-year bond sale tomorrow)."



comments powered by Disqus
Related Forex Analysis
  1. USD/JPY Traders Await Clearer Guidance As A Doji Signals Hesitation
    Forex News

    USD/JPY Traders Await Clearer Guidance As A Doji Signals Hesitation

  2. USD/JPY is dancing around 107.00
    Forex News

    USD/JPY is dancing around 107.00

  3. USD/CAD Tests Critical Barrier As Intraday Dojis Denote Indecision
    Forex News

    USD/CAD Tests Critical Barrier As Intraday Dojis Denote Indecision

  4. NZD/USD Stalls At 0.8000 Barrier As A Doji Arises & Volume Fades
    Forex News

    NZD/USD Stalls At 0.8000 Barrier As A Doji Arises & Volume Fades

  5. EUR/USD sidelined above 1.2700
    Forex News

    EUR/USD sidelined above 1.2700

Trading Center