Free Trial

Consolidation was the theme during the........>

FOREX
FOREX: Consolidation was the theme during the Asia-Pacific session, the
greenback holding onto gains made yesterday following a relatively upbeat
sounding Fed-Chair Yellen and expectations the Trump administration will shortly
unveil a stimulative tax reform plan. Dollar-yen trekked higher from Y112.22 to
Y112.54, the topside currently being capped by reported supply from Japanese
Exporters, linked to half-year hedging requirements. Dollar-yen was last at
Y112.40. Aussie-dollar carved out a $0.7971 to $0.7989 range, last at $0.7975.
Meanwhile, Euro-dollar currently trades at $1.1787 and Cable at $1.3434, after
trading in respective ranges of $1.1777 to $1.1795 and $1.3433 to $1.3461.

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.