BUZZ EUR/USD makes new lows after Biden taps Fed Chair Powell, Brainard Vice Chair

  • 11/22/2021
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EUR/USD fell on President Biden"s nominations for Fed chair, VC [USN:S0N2RT053] Had been some worry Brainard would get Chair and perhaps be more dovish But that was also unlikely and nominations point to Fed tapering, rate hikes Treasury yields make new highs, EUR/USD by Friday"s 16-mo lows at 1.1250 EUR/USD"s on a slippery slope re Fed-ECB split, techs, COVID [USN:L1N2SD11P] Next supports are a 161.8% Fibo at 1.1225 & June 2020 low at 1.1168 Broader targets are at 1.1040 and 1.0636 Nov 22 (Reuters) - For more click on FXBUZ

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