EURUSDEuro / US Dollar
1.1643
+0.05%
SUPPORT:1.15871.1531
RESISTANCE:1.16981.1754
Past
What happened
Pair drifted to 1.1643 (+0.05%) as DXY slid 0.25% on falling oil and a softer US10Y print, with traders fading the dollar into the Warsh handover.
Why
Why it matters
Lower energy = lower US inflation pulse + a fresh Fed chair seen as politically softer = the dollar bid is being unwound, and EUR is the default short-dollar vehicle.
Watch
What to watch
Warsh oath today and any first-day tone; 1.1700 is the breakout trigger, 1.1580 the line that keeps the range alive.
HEADLINES
- Dollar climbs as US strikes on Iran dent ceasefire optimismReuters
- Yen ‘Grossly Undervalued’ Versus Dollar, Should StrengthenThe Wall Street Journal
- Dollar drifts lower as oil falls on Hormuz deal optimismReuters
- The WSJ Dollar Index Rises 0.02% to 95.80The Wall Street Journal
- Treasury Yields Lose Steam But Still Rise on Hopes of Hormuz DealThe Wall Street Journal