EUR/USD Update – 06/10/2017 (10:00am) – by Arjun Lakhanpal
October 6, 2017EUR/USD Update – 06/10/2017 (10:00am): EURUSD traded through 1.1700 again today, driven largely by UST yield strength and subsequent bid to the USD. ECB minutes contained several mentions/concerns over EUR strength although having been mentioned several times in the last ECB meeting itself, there was no new information really. NFP is today’s focus although many are not convinced we learn much from the data considering the inevitable weather questions. Feels as though the market wants to take the USD higher regardless and so selling EURUSD rallies to 1.1750 on a weak number makes sense intraday they suggest. 1.1665 strong support here.
