Euro spills to the lows of the week as the dollar nabs bids

  • US dollar firms

Some US dollar buying flows appear to be going through in a move that looks idiosyncratic in FX. Treasury yields remain roughly flat on the day and well off the highs while equities have been edging higher (which is usually USD-negative).

EUR/USD is at the lowest since the aftermath of non-farm payrolls, having just inched below Monday's low of 1.0923. So far the pair hasn't run into stops but eyes will be on the NFP-spike low of 1.0877 if the drop continues.

EURUSD 10 mins
EURUSD 10 mins
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