Free Trial

Greenback Extends Slippage in Early European Trade

USD
  • Greenback seeing another wave of weakness in early Europe, with the price action to far reminiscent of the USD dip after the US equity open yesterday.
  • EUR/USD now back to parity for the first time since mid-September. This puts the pair through resistance at the early October highs (0.9999) to narrow the gap with the next upside levels at 1.0051 and the 100-dma of 1.0094.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@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.