Free Trial

Eur-Usd: Asia open $1.1780, range......>

EURO SUMMARY
MNI (London)
EURO SUMMARY: Eur-Usd: Asia open $1.1780, range $1.1768-93. Europe open $1.1778,
range $1.1721-80.
* Hawkish comments from Fed Dudley Monday boosted the dollar, took rate down to
$1.1770 in NY.
* Rate recovered to $1.1796 then settled around $1.1780 into the close. 
* Rate dipped to $1.1768 early Asia before Eur/Jpy demand lifted it to $1.1793.
* Strong demand for Usd/Jpy emerged, recent stealth buyer noted from below
Y110.00 prompted dollar demand across the board. 
* Usd demand also aided by move into risk appetite, N.Korea National Day didn't
provoke any further sabre rattling.
* Dollar demand strengthened into Europe, pressed Eur/Usd down to $1.1721. Eur
cross sales also added weight. 
* Rate recovered to $1.1769 as Eur/Gbp bounced sharply higher following release
of UK CPI.
* Rate settled back around $1.1760 late morning. Markets await US Retail Sales
1230GMT.
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.