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EUR/USD Erases Early Rally, But Ranges Remain Muted

EUR
  • EUR/USD fade continues through the London close, with EUR/USD erasing the day's early (minor) gains, catch up with the move higher in Treasury yields, and slip into negative territory.
  • Price action picks up on the break below the Friday low at 1.0873 but move are muted at these levels, with weak intraday support expected into 1.0868, the Mar 7 low.
  • ECB's Centeno speaking at an award ceremony - but comment so far are infitting with previous views: *ECB'S CENTENO: PRICE STABILITY REQUIRES FINANCIAL STABILITY - bbg

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