Free Trial

European traders put further pressure...>

EURO-DOLLAR
EURO-DOLLAR: European traders put further pressure on the greenback ahead of the
European open, pressing the DXY to fresh multi-month lows. The dollar sold off
at the beginning of the Asia-Pacific session (primarily through EUR/USD) as
Asia-Pac traders digested the hawkish ECB minutes and the mixed US data.
As such, EUR/USD has begun the session on the front foot and is once again
targeting session highs of $1.2067. Rate could run into resistance heading into
the $1.21 handle, with long-lasting talk of strong offers between the
$1.2090-1.2100.

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.