Free Trial

Euro/dollar: Europe open $1.1795,......>

EURO SUMMARY
EURO SUMMARY: Euro/dollar: Europe open $1.1795, range $1.1778-1.1814, NY open
$1.1800, range $1.1782-1.1808
*Continued anchored around $1.1800 in early NY, after rate managed to extend its
recovery off Friday lows of $1.1728 to $1.1814 in Europe.
*The dollar received a small lift following US Tsys yields, as the rate headed
towards $1.1790.
*The dollar received a small lift, following pressure on cable,
with the rate falling towards $1.1780.
*A wave of euro buying against the yen and greenback at the 4 PM WMR
witnessed the rate jump towards $1.1800.
*In a very lackluster session, the dollar got a small lift post WMR and
following oil dropping witnessed the pair slide towards $1.1780.
*With very little flow or volume going through, there was a
small reversal in the dollar, with the rate grinding back towards $1.1790.

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.