Free Trial

Euro-dollar: Aug17 close $1.1729,......>

EURO SUMMARY
EURO SUMMARY: Euro-dollar: Aug17 close $1.1729, Aug18 Asia range $1.1709-40,
Europe $1.1721-74
*Euro-dollar dropped soon after the Tokyo open from $1.1731 to $1.1709, the move
was euro-yen led, a continuation of the risk-off theme
*Regional equities opened lower, but never really carried on the move, specs
began to cover euro-yen shorts and together with Tokyo-fix demand euro-dollar
climbed to $1.1736
*Supply in early Europe encountered dip buyers ahead of $1.1725, euro crosses
led the recovery to $1.1740 but soon faded
*Fresh wave of dollar sales emerged, euro-dollar moved through the Asia high to
$1.1758 before light profit take sales eased
*Euro cross sales re-emerged, rate touched pullback lows of $1.1721, meeting
willing buyers in the dip
*A period of consolidation followed, before late short covering squeezed to
$1.1774.

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.