Free Trial

EUR is in the green against most G10s

FOREX
  • A mix start for the Dollar ahead of a really busy week, with European CPIs, US PCE, Speakers, Rolling Bond positions for UK and US Govies, and Month End.
  • The SEK still leads in early trade and has extended some small early gains, helped by an underlying bid in US Equities, Emini edges to session high.
  • The Kiwi is still at the other end of the spectrum, as market participants turn their attention to the RNBZ rate decision on Wednesday, with the latter expected to stay unchanged.
  • NZD has paired some of its losses, now down 0.32% vs 0.48% going into the European session.
  • The EUR is underpinned and in the green against all G10, as the street await for the European CPIs this week.
  • The Currency had edged higher against the USD, JPY, CNH, CAD, AUD, NOK.
  • The Yen has seen broader selling interest vs GBP, USD, EUR and AUD.
  • Immediate initial resistance in USDJPY is still at 150.89 High Feb 13.
  • Looking ahead, there's no Tier 1 data for the session, speakers include, ECB Lagarde, Vujcic, Stournaras, BoE Breeden, Pill.

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.