Free Trial

Having extended the base of its.........>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Having extended the base of its narrow trading band to $1.1101 in
post Germany IP data trade, rate is now seen pressuring the topside as it trades
to $1.1110 (Asia range $1.1103/09). Resistance is seen toward Thursday's high of
$1.1116, a break to expose the $1.1120/25 area which holds the strikes of
expiring options for today's NY cut, E1.26bln(E1.01bln EUR calls). Break to open
a move toward $1.1150. Support $1.1100, $1.1080($1.1090-1.1100 expiries
E1.26bln).  
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.