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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
- Earlier headlines suggesting some European Central Bank policymakers want to discuss a 75 basis point interest rate hike at the September policy meeting is supporting the Euro on Friday.
- Despite the healthy bounce in the Dollar Index in response to plummeting equity indices, EURUSD remains marginally in the green and the likes of AUD and NZD have been most negatively affected by the renewed greenback optimism.
- This sees EURNZD (+1.50%) and EURAUD (+1.21%) standout on Friday. The former has managed to reverse the entirety of the week’s losses as the pair closes in on last week’s highs at 1.6276 and the latter stage a strong reversal after just registering a break of the April/2022 lows of 1.4321 during Thursday’s session.
- Obvious fundamental headwinds linger for the single currency in the form of the ongoing energy crisis, however, it will be interesting to see if these sources headlines gain any traction in shoring up demand for the Euro ahead of the next ECB meeting, scheduled for September 08.
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.
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