Free Trial

EUR surged to $1.1650, eventually touched.....>

FOREX
MNI (London)
FOREX: EUR surged to $1.1650, eventually touched $1.1666, as market reacted
positively to the EU Leaders Summit agreement on migration. The reaction
prompted a general boost for risk, the USD weakened broadly with even the NZD
able to rally back through support turned resistance to trade at $0.6765.
Risk-on and JPY became big underperformer. USDJPY spiked out of its range to
trade to Y110.79. Cable was pulled higher by the strong reaction in EUR/USD
though EUR/GBP extending its recent recovery to Gbp0.8890 provided a counter.
Watch for Brexit headlines along with month-end flow.
- German Retail Sales at 0600GMT(median -0.5%mm) provides the early data
interest ahead of the release of EZ Flash CPI at 0900GMT(median 2.0%yy, core
1.0%yy). US Personal Income/Consumption, PCE at 1230GMT ahead of the Chicago
Barometer at 1345GMT.   
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@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.