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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.
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Free AccessEncouraged by a weak New York close,....>
EURO-DOLLAR: Encouraged by a weak New York close, euro broke below yesterday's
base to post a fresh low at $1.1765 before meeting demand. Tokyo-fix related
demand in euro-yen has since helped the euro to recovery to $1.1790. Traders
have noted a expiry for today at $1.1800 (E2.86bn), that may proved to be
magnetic, at least for the Asia session. Technical support is currently being
found near to the 55-dma ($1.1760), while hourly resistance is seen at $1.1801.
Euro-dollar was last at $1.1788.
To read the full story
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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.