EUR/USD holds above 1.1200 as Europe steadies, but bond spreads warn
EUR/USD is trading only slightly lower on the session at around 1.1215 and is holding above the 1.1200 level. The source does not give a percentage or pip figure for the pair's move. Risk appetite in Europe is steady so far, with France's benchmark CAC 40 index up 0.3%. The source says this suggests traders are not rushing for the exits yet. However, it warns that the calmer mood should not be mistaken for an improvement in the underlying risks facing European markets, and it points to widening bond yield spreads as the warning sign. It does not cite any economic data releases or central bank actions. For traders, the 1.1200 handle is the level the euro is currently holding above. The widening yield spreads are the risk factor to watch, since they could weigh on euro sentiment even while equities and the currency look stable on the surface.
Related Symbols:
EURUSD
This is a summary of the original article by Forexlive. To read the complete article, please visit the source website:
Read Full Article at ForexliveNews data provided by Finnhub. ForexSentiment.live provides this summary as a convenience with proper attribution to the original source. The full article is available at the original publisher's website.
