Free Trial

A light session in NY today with minimal......>

FOREX
FOREX: A light session in NY today with minimal flow or volume going through,
however the dollar continued its buoyant tone of last week.
Aussie slipped a little following pressure on commodities through out the
session with the pair making a brief show under $0.7800, printing session lows
of $0.7796, the pair traded in a narrow range throughout the NY session trading
between $0.7796-0.7818.
Dollar-yen continued its theme of being led by US Tsys yields throughout the
majority of the session. New York had very little reaction to Prime Monsters Abe
re-election with the rate trading in a narrow range of Y113.61-113.94. However
for the majority of the session the rate bounced between Y113.65-75.
Concerns over Catalan combined with a buoyant dollar tone and President Trump
saying he is "very, very close to announcing next Fed chair" witnessed the rate
print a session low of $1.1725, where for the majority the pair hovered close to
the lows.   

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.