Free Trial

Euro rallying on BBG running............>

EURO-DOLLAR
EURO-DOLLAR: Euro rallying on BBG running headlines from Italy's Messaggero
suggesting that Di Maio & Salvini are ready to accept a new deficit/GDP target,
with the paper reporting that the Italian PM Conte is preparing for a 1.9-2.0%
deficit to GDP ratio. The story goes on to note that Italy is negotiating for
wider margins on investments. 
- EUR/USD last at $1.1366, after touching a high of $1.1370 on the report.
Initial option-related resistance noted at $1.1380-90 (with EUR1.32bn worth of
FX option expiries with strikes between these levels at today's 10AM NY cut),
followed by Friday's high of $1.1400.

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.