Free Trial

Imposition of added tariffs on China....>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Imposition of added tariffs on China imported goods into the US
weighed on UST yields during the US session and acted to press the USD lower.
EUR/USD was able to extend its recovery, off Thursday's late pull back low of
$1.1210, to an eventual high of $1.1254, though once again was seen faltering
above $1.1250, and the 50-dma ($1.1252). Resistance is seen to to the May1 of
$1.1265 ($1.1263 55-dma), a break to expose $1.1287(38.2% retrace of the year's
range of $1.1570-1.1112). Support $1.1210/00.  
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.