Free Trial

Firming Off Lows Persists as EUR Shrugs Off German CPI

EUR
  • EUR/USD maintained the bounce off lows on the back of that German national inflation print - which possibly disappointed those looking for a miss of a greater magnitude on the back of this morning's regional prints. EUR/USD is back to square one and broadly unchanged on the day - helped by the recovery off lows for EUR/GBP: the cross trades back in positive territory despite breaking to new multi-year lows of 0.8484 earlier today.
  • EUR/USD now trades within range of more sizeable options interest today at: $1.0850-55(E750mln), $1.0875(E1.53bln).
87 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.
  • EUR/USD maintained the bounce off lows on the back of that German national inflation print - which possibly disappointed those looking for a miss of a greater magnitude on the back of this morning's regional prints. EUR/USD is back to square one and broadly unchanged on the day - helped by the recovery off lows for EUR/GBP: the cross trades back in positive territory despite breaking to new multi-year lows of 0.8484 earlier today.
  • EUR/USD now trades within range of more sizeable options interest today at: $1.0850-55(E750mln), $1.0875(E1.53bln).