Free Trial

A weak suite of national IP data from.........>

FOREX
FOREX: A weak suite of national IP data from across the Eurozone is hampering
risk appetite in early Friday dealing.
- There is also the potential for some worry to swirl re: the formal delay of
the monthly Chinese trade data. Officials will obviously point to the troubles
caused by the Coronavirus, but make of it what you will.
- The obvious negative connotations for the Eurozone on the back of the IP data
has EUR/USD registering a marginal fresh YtD low at writing.
- AUD/USD tests $0.6700 at writing, a break here would have bears looking to
$0.6679/77 the YTD low & Aug 07 low respectively.
- USD/CNH has registered a fresh session high in recent trade, but sits well
within the recent range around CNH6.9860.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.