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11 Jun 2014
EUR weighed on in bond markets and GBP - BBH
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)."
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)."