Free Trial

EUR/USD moved from lows of $1.1536 to...>

EURO-DOLLAR
EURO-DOLLAR: EUR/USD moved from lows of $1.1536 to a fresh session high of
$1.1593 in quick order on the back of a Corriere report which suggested that the
Italian budget plan seeks to cut the deficit to 2% of GDP in 2021. This steps
down from a projected 2.4% in 2019 and 2.2% in 2020 according to the report.
Previous government rhetoric had pointed to a 2.4% deficit to GDP ratio over 3
years.
- The move back above $1.1550 is the first positive step for bulls, who now
target the 100-DMA $1.1644), rate last deals at ~$1.1585.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

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.