Free Trial

Feeling the squeeze again as rate.......>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Feeling the squeeze again as rate extends the corrective pullback,
off earlier Asian high of $1.1777, to challenge the Jul25 high of $1.1712. Rate
meets support here on initial test, currently around $1.1717. Minor demand
suggested now into $1.1710 but expect stops below. Traders suggest buying dips
into $1.1690/80, or $1.1685/75, depending on which report you read. Current
positive tone expected to remain in place while rate can hold above $1.1650. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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.