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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 AccessEur/Usd: Asia open $1.1840, range......>
EURO SUMMARY: Eur/Usd: Asia open $1.1840, range $1.1835-49. Europe open $1.1846,
range $1.1829-54.
* Eur/Usd edged to a high of $1.1849 in NY Tuesday before it settled around
$1.1840 into the close.
* Reports suggested move related to funding, Usd's in demand last week for this
purpose, easing this week on better Usd supply.
* Rate marked a low of $1.1835 in early Asia before it slowly nudged back up to
retest that $1.1849 level into Europe.
* Early Europe pressed rate to a fresh low of $1.1829 before strong Eur demand
lifted rate to a new high of $1.1854.
* Eur/Jpy managed to clear reported offers around Y134.00 in the move, while
Eur/Gbp edged back up to Gbp0.88545.
* As Eur demand faded crosses eased, Eur/Jpy back below Y134.00 and Eur/Gbp to
Gbp0.8835, took Eur/Usd back to $1.1836.
* Traders did note in Asia decent sell interest in place through to $1.1880.
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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.