Free Trial

EURO-DOLLAR: Euro/dollar: Europe.......>

EURO SUMMARY
EURO SUMMARY: EURO-DOLLAR: Euro/dollar: Europe open $1.1854, range
$1.1786-1.1859, NY open $1.1790, range $1.1758-1.1807
*Broad based dollar demand in early NY witnessed the rate drop to
fresh intraday lows of $1.1781.
*The dollar pared back some of its gains, after printing
a fresh intraday low of $1.1881 with the rate grinding towards $1.1800.
*The dollar received a small a lift, after the release of on target US
Data, falling to fresh lows of $1.1780, before bouncing back towards $1.1790.
*The dollar got a further lift following comments by USMC general Dunford "has
not seen a change in posture of NK forces despite rhetoric". The pair dropped to
fresh intraday lows of $1.1764.
*A hawkish Yellen witnessed broad based dollar demand, as the rate
dropped to fresh intraday lows of $1.1758.
*The dollar pared back its gains, as Yellen's offered very little
clarity on a December rate hike, the rate jumped to recovery highs of $1.1807.
*The dollar slowly pared back its losses, drifting towards $1.1785. 

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.