Free Trial

Got a lift on to $1.1987 in initial.....>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Got a lift on to $1.1987 in initial reaction to weaker than
forecast US Retail Sales data. Rate dropped back to its pre release level of
$1.1972 currently around $1.1977. Next resistance, following the earlier break
of $1.1965, seen between $1.1990/1.2000. The $1.2000 level holds the strike of a
decent sized option expiry for today's NY cut, E2.17bn, and may provide some
additional upside attraction.  
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.