Free Trial

Euro/dollar: Europe open $1.1771,......>

EURO SUMMARY
EURO SUMMARY: Euro/dollar: Europe open $1.1771, range $1.1762-1.1807, NY open
$1.1782, range $1.1774-1.1825
*Settled back to $1.1780, off late Europe morning high of $1.1807, into the NY
open,
*The dollar came under renewed pressure across the board, as US
Tsys yields slipped with the rate grinding towards $1.1800. Before
slipping back towards $1.1780. 
*In reaction to EU'S Tusk comment "EU not working on no-deal
scenario for Brexit" saw broad based euro demand, with the rate jumping to a
fresh intraday high of $1.1809.
*As the dollar felt continued pressure, as cable spiked and XAU
rallied, the rate went onto print fresh highs of $1.1818 before losing
momentum and falling back towards $1.1800.
*In reaction to Puigdemont comments "wants an independent state"
follow by "Proposing to suspend independence referendum result" has seen the
rate spike to a fresh intraday high of $1.1825, before fading towards $1.1800.

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.