DALY SEES 'NO URGENCY TO ADJUST THE POLICY RATE'

MNI BRIEF: Fed’s Collins Sees Rate Cuts Later Than Had Thought

MNI BRIEF: China March M2 Slows More Than Expected

MNI BRIEF: China Tightens Stock Market Supervision

MNI BRIEF: China Mar Exports Jump On Demand; Imports Improve

MNI: PBOC Sets Yuan Parity Lower At 7.0967 Fri; -4.87% Y/Y

Japan Feb Machine Orders +7.7% M/M

MNI JAPAN FEB CORE MACHINE ORDERS +7.7% M/M; JAN -1.7%

MNI: BAKER HUGHES US RIG COUNT 617; OIL RIGS 506; GAS RIGS 109

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EUR/USD has been unfazed by the.........>

EURO-DOLLAR
EURO-DOLLAR: EUR/USD has been unfazed by the victory of Italy's centre-left
coalition in a key regional election, as was suggested by the exit polls. The
vote in Emilia-Romagna, a traditional leftist stronghold, was closely watched as
a bellwether of potential shifts in national politics. The victory of the
incumbent governor allows the Democratic/5 Star coalition government to breathe
a sigh of relief, for now (although it continues to trail in national opinion
polls). EUR/USD sits at $1.1031, 6 pips higher on the day.
- The 100-DMA intersects at $1.1071 and draws the initial bullish attention. A
break here would expose the psychological barrier/50-DMA at $1.1100/1.1101.
Bears look for a fall through Friday's trough at $1.1020 towards the Dec 2
low/round figure support at $1.1000.
- EZ highlights this week include German Ifo Survey (Monday), German
unemployment & flash CPI (Thursday), flash French CPI & GDP as well as flash
Italian & EZ GDPs (Friday). ECB speaker list features Villeroy, Lane and de Cos
(Tuesday) as well as Panetta, Schnabel and Mersch (Friday).
MarketsForeign Exchange Bullets
MarketsForeign Exchange Bullets

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.