MNI BRIEF: BOJ: H’hold 5-Yr Inflation At 5% On Higher Prices

MNI BRIEF: China Steel Export Growth Slows In June

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1315 Fri; -1.12% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1315 FRI VS 7.1339

MNI: FRANCE JUN HICP +0.2% M/M, +2.5% Y/Y

Lower-than-expected June Inflation Strengthens Case For August Cut

MNI: SWEDEN JUN CPIF +1.3% Y/Y

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Disappointing Germany Ifo Wednesday.....>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Disappointing Germany Ifo Wednesday acted to press the EUR lower
through Wednesday trade, EUR/USD broke below its YTD low of $1.1177 before it
met some support ahead of $1.1150 then extended move to $1.1141. Rate performed
a partial recovery but met resistance around $1.1160 ahead of the close. Rate
consolidated Wednesday's losses through Asia within a range of $1.1145-60. Rate
did manage to make a brief show to $1.1161 in opening European trade but failed
to build. Rate currently trades around $1.1157. DXY reflected the general
strength of the USD as it cleared back above 97.71-77, currently seen settled
above 98.00(100.00 in view?). 
- ECB de Guindos speaks at 1230GMT in an otherwise light EZ calendar. 
- Focus on Riksbank(0730GMT), US Jobless Claims and Durable Goods(1230GMT).
Friday's US Q1 GDP dominating in the background.
- Support $1.1140 ahead of $1.1120/10. Resistance remains around $1.1160/65,
$1.1180.
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MarketsForeign Exchange Bullets
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MarketsForeign Exchange Bullets

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.