Free Trial

Euro took centre stage during the.............>

FOREX
FOREX: Euro took centre stage during the Asia-Pacific region, after the German
coalition talks to form the next coalition government collapsed, causing
widespread euro weakness. Euro-dollar plummeted to $1.1722 from an earlier high
of $1.1797. Euro-sterling dropped from stg0.8918 to stg0.8879. Euro-yen fell
from Y132.33 to Y131.17. Meanwhile, Aussie consolidated in a $0.7549 to $0.7572
range. Dollar-yen trekked between Y111.89 to Y112.22, with large option strikes
seen containing the range. Cable traded sideways within a $1.3186 to $1.3223
range. Focus now is on the European open and how their react to the news from
Germany.

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.