Free Trial

Another wave of USD demand at the NY....>

EURO-DOLLAR
EURO-DOLLAR: Another wave of USD demand at the NY crossover adds fresh weight to
$1.2081. The underlying tone seen heavy with next support at $1.2056/55 (Apr27
low/50% $1.1554-1.2555), opening a deeper move toward $1.2018/13 (Jan10 high,
now support/200-dma). Month-end flow to dictate price action with German CPI the
main event risk at 1200GMT. Eur/Usd last $1.2084.

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.