BRIEF: IMF Says New EU Fiscal Rules To Help Contain Volatility

BRIEF: Fiscal Commitments "Critical" - Eurogroup's Donohoe

MNI BRIEF: Fed's Kashkari: 1-2 Years Before Inflation Hits 2%

MNI China Daily Summary: Thursday, June 20

MNI: PBOC Net Injects CNY18 Bln Via OMO Thu; Rates Unchanged

CHINA PBOC CONDUCTS CNY20 BILLION VIA 7-DAY REVERSE REPOS THU

EZ/UK Bond Supply Calendar: EU Auction, BoE APF on Monday

US EIA: CRUDE OIL STOCKS EX SPR -2.55M TO 457.1M JUN 14 WK

Homebuilding Set To Keep Softening As Pullback In Permits Continues

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EURO SUMMARY: EUR/USD Fades to Sizeable Expiry

EURO SUMMARY
BulletForeign Exchange Bullets
  • New pullback lows for EUR/USD in recent trade, with a modest pick-up in activity at 1207BST and 1210BST to put the pair at the lowest levels since May15 and through support of 1.0836. Fading spot market puts the pair inline with the most sizeable option expiry of the session, with E621mln rolling off at the 1.0830 mark (E277mln puts, E344mln calls).
  • Pressure on the single currency keeps EUR/GBP closer to lows. Weakness through 0.8512 exposes ahead of 0.8504.  
77 words

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.
  • New pullback lows for EUR/USD in recent trade, with a modest pick-up in activity at 1207BST and 1210BST to put the pair at the lowest levels since May15 and through support of 1.0836. Fading spot market puts the pair inline with the most sizeable option expiry of the session, with E621mln rolling off at the 1.0830 mark (E277mln puts, E344mln calls).
  • Pressure on the single currency keeps EUR/GBP closer to lows. Weakness through 0.8512 exposes ahead of 0.8504.