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EUR/USD finally feels the heat into the monthly close and beyond

Yesterday the analyst was rather bemused by the resilience of the EUR/USD, but eventually as expected the dollar did catch a bid into the final 4pm London fix of the month. That was pretty much envisaged here and hence all the updates that tried to point you in that direction. The break below 1.0690 has delivered some further downside beyond that fix too. The EUR/USD closed out the month yesterday evening at 1.0666 and it has edged a little lower in Asia today. Of course there are a number of releases and events today that might add to the downside, or detract from it. Later this afternoon, we get the April ADP payroll report and that later the ISM manufacturing index.  The icing on the cake is the Fed monetary policy decision this evening. There will be more to add on all that lot later today. Meantime, the EUR/USD has been driven a little lower by those rising US treasury yields. The low seen so far today has been set at 1.0655. It is trading there right now 
 

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