Free Trial

As was the case yesterday, the dollar...>

EURO-DOLLAR
EURO-DOLLAR: As was the case yesterday, the dollar is trading close to its
weakest level of the session as Europe comes to market, which is helping lift
both EUR/USD and GBP/USD to respective session highs. For EUR/USD, the immediate
target is $1.1959 (yesterday's high) but further resistance is touted up to the
Nov27 high of $1.1961, which lies in very close proximity to significant option
expiry interest at $1.1985 (close to E2bln), which is due to roll off on Jan9.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@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.